This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its bicyclic structure makes it a valuable building block for creating complex molecules, particularly those with potential biological activity. It is often employed in the development of drugs targeting the central nervous system, as the structure can interact with specific receptors or enzymes in the brain. Additionally, it is used in research to explore new therapeutic agents, particularly in the areas of neurology and psychiatry. Its hydrochloride form enhances solubility, making it more suitable for experimental and industrial applications.