Used in the synthesis of pharmaceutical agents, particularly as an intermediate in the development of central nervous system (CNS) active compounds. Its chiral structure makes it valuable in creating selective serotonin and dopamine receptor modulators. Commonly employed in research for antidepressant and antipsychotic drug candidates. Also utilized in medicinal chemistry for optimizing pharmacokinetic properties due to its rigid, fused ring system that enhances metabolic stability and target binding affinity.