Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. It serves as a structural scaffold in the design of neuroactive drugs due to its resemblance to naturally occurring alkaloids. Its derivatives are explored for their potential in treating neurological disorders such as depression, anxiety, and Parkinson’s disease. The compound's rigid polycyclic structure enhances binding selectivity to neurotransmitter receptors, making it valuable in medicinal chemistry for optimizing drug efficacy and reducing off-target effects.