Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, as it can influence neurotransmitter systems. Additionally, it has shown potential in the creation of novel analgesics and anti-inflammatory agents, making it a versatile tool in medicinal chemistry. Researchers also explore its utility in designing drugs with improved efficacy and reduced side effects, leveraging its unique bicyclic framework.