Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of centrally acting agents and receptor modulators. Its cyclic structure and functional groups make it valuable for constructing bioactive molecules with improved metabolic stability and binding affinity. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its rigid framework and ability to influence pharmacokinetic properties. Also utilized in the preparation of novel analogs for drug discovery programs targeting neurological and psychiatric disorders.