This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique bicyclic structure makes it valuable for developing compounds with potential biological activity, particularly in the design of drugs targeting the central nervous system. It has been explored for its role in creating molecules that interact with specific receptors or enzymes, potentially leading to treatments for neurological disorders or pain management. Additionally, its structural features are leveraged in organic synthesis to build complex molecules for research and drug development purposes.