This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of pharmaceutical agents targeting the central nervous system. It serves as a key intermediate in the synthesis of tricyclic antidepressants, which are used to treat conditions such as depression, anxiety disorders, and certain types of chronic pain. Its structural framework is crucial for binding to neurotransmitter receptors in the brain, helping to modulate mood and emotional stability. Additionally, it has been explored for its potential in creating novel therapeutic agents for neurological disorders due to its ability to interact with serotonin and norepinephrine pathways.