Used primarily in research settings as a key intermediate in the synthesis of complex heterocyclic compounds, this compound is of interest in the development of potential pharmaceutical agents. Its rigid polycyclic structure and extended aromatic system make it valuable in studying electronic properties for organic semiconductors and optoelectronic materials. It has also been explored in medicinal chemistry for its ability to interact with central nervous system receptors, particularly in the design of novel neuroactive agents. Due to its structural similarity to known bioactive molecules, it serves as a scaffold in drug discovery programs targeting neurological disorders and cancer.