This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate or building block in the synthesis of various biologically active compounds. Its structure is particularly valuable in the development of potential drug candidates, especially those targeting enzyme inhibition or receptor modulation. Researchers often explore its derivatives for their potential therapeutic applications, such as in the treatment of cancer, inflammatory diseases, or microbial infections. Additionally, its unique fused ring system makes it a promising scaffold for designing novel molecules with enhanced pharmacological properties.