Used primarily in pharmaceutical research as a structural scaffold for developing central nervous system (CNS) active agents. Its ring system resembles naturally occurring alkaloids, making it valuable in designing drugs that target neurological pathways. Commonly explored in the development of serotonin and dopamine receptor modulators, particularly for treating psychiatric disorders such as depression, anxiety, and schizophrenia. Also investigated for use in pain management due to its affinity for certain opioid receptor subtypes. Its versatility in synthetic modification allows for fine-tuning of pharmacokinetic and pharmacodynamic properties, supporting its role in early-stage drug discovery.