Used primarily in the treatment of schizophrenia and bipolar disorder, this compound acts as an antipsychotic by modulating dopamine and serotonin receptors in the brain. It helps reduce symptoms such as hallucinations, delusions, and mood swings. It is also prescribed for acute manic episodes associated with bipolar disorder, often as part of a broader treatment plan including counseling and behavioral therapies. Its formulation allows for both oral and intramuscular administration, the latter being useful in agitated patients requiring rapid sedation in clinical settings.