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 unique bicyclic structure makes it valuable in the development of drugs that target the central nervous system, particularly those used in the treatment of neurological disorders. Additionally, it is employed in the synthesis of compounds with potential analgesic and antispasmodic properties. Its role in research and development is significant, as it aids in the creation of novel therapeutic agents with specific biological activities.