This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its bicyclic structure makes it a valuable building block for the development of drugs targeting the central nervous system, particularly in the synthesis of potential treatments for neurological disorders. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug interactions. Its application extends to the development of novel therapeutic agents, where its unique structure contributes to the optimization of drug efficacy and selectivity.