Used primarily in the synthesis of bioactive compounds, this compound serves as a key intermediate in the development of pharmaceuticals targeting neurological disorders. Its structure supports the creation of tricyclic derivatives with potential antidepressant and anticonvulsant activities. It is also employed in research settings to explore new central nervous system agents, particularly those modulating neurotransmitter receptors. Due to its rigid aromatic framework, it aids in studying structure-activity relationships in medicinal chemistry.