Used in pharmaceutical research as an intermediate for synthesizing bioactive compounds, particularly in the development of serotonin receptor modulators. It serves as a building block in the preparation of potential central nervous system agents, including candidates for antidepressant and anti-anxiety medications. Its structure supports the design of molecules with enhanced binding affinity to specific neural targets. Also employed in medicinal chemistry for structure-activity relationship studies due to its rigid polycyclic framework and functional handle for further modification.