This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceuticals. Its unique bicyclic structure makes it valuable for developing drugs that target the central nervous system, particularly in the treatment of neurological disorders such as depression, anxiety, and schizophrenia. Additionally, it serves as a building block in the creation of compounds with potential antiviral and antibacterial properties, contributing to the development of new therapeutic agents. Its application also extends to research and development, where it is used to explore novel chemical pathways and optimize drug efficacy.