This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of complex organic molecules. Its unique tricyclic structure and trifluoroacetyl group make it valuable for developing potential pharmaceutical agents, particularly in the design of enzyme inhibitors or receptor modulators. Researchers leverage its chemical properties to explore its efficacy in targeting specific biological pathways, often focusing on neurological or oncological applications. Additionally, it may serve as a building block in the creation of novel compounds for drug discovery programs, where its structural features can enhance binding affinity and selectivity.