This compound is primarily used in research settings to study the effects of cannabinoid receptor modulation. It acts as a potent agonist for CB1 and CB2 receptors, making it valuable for investigating the endocannabinoid system and its role in various physiological processes. Researchers utilize it to explore potential therapeutic applications, such as pain management, inflammation control, and neurological disorders. Its ability to bind to cannabinoid receptors also aids in understanding receptor signaling pathways and developing targeted treatments for conditions like anxiety, epilepsy, and neurodegenerative diseases. Additionally, it serves as a tool in pharmacological studies to assess the efficacy and safety of cannabinoid-based drugs.