This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often leveraged in the development of potential therapeutic agents due to its bicyclic framework, which can interact with specific receptors or enzymes in the body. Researchers explore its derivatives for applications in treating neurological disorders, such as anxiety, depression, or pain management. Additionally, its unique chemical properties make it a valuable building block in the design of novel drug candidates, enabling the optimization of pharmacokinetic and pharmacodynamic profiles.