Used primarily in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds. Its structure supports the development of central nervous system agents, particularly those targeting neurological disorders. The compound's functional groups allow for selective modifications, making it valuable in creating analogs for drug discovery. It is also employed in the preparation of enzyme inhibitors and receptor ligands, where its rigid framework enhances binding specificity. Commonly found in early-stage research for antidepressants, antipsychotics, and cognitive enhancers.