Widely used in pharmaceutical research, particularly in the development of central nervous system (CNS) drugs. It serves as a key intermediate in synthesizing compounds that target neurological disorders. Its structural properties make it valuable for creating molecules with potential antidepressant, anxiolytic, or antipsychotic effects. Additionally, it is utilized in organic chemistry to study reaction mechanisms and develop novel synthetic pathways. Its bicyclic structure is of interest in medicinal chemistry for designing drugs with improved bioavailability and target specificity.