Used primarily in research settings, this compound is studied for its psychoactive properties and potential effects on serotonin receptors. It is often investigated in the context of understanding altered states of consciousness, perception, and cognition. Researchers explore its interaction with the brain's neurotransmitter systems to gain insights into mental health disorders and psychedelic therapy. Due to its potent effects, it is handled with strict safety protocols and is not approved for medical or recreational use.