This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the development of novel pharmaceutical agents, especially those targeting enzyme inhibition. Researchers often employ it in the design and creation of potential drug candidates for treating diseases such as cancer, inflammation, and microbial infections. Additionally, its unique fused ring system makes it a useful building block in organic synthesis, enabling the construction of complex molecules with potential therapeutic applications. Its versatility and reactivity also make it a valuable tool in the exploration of new chemical pathways and the development of innovative drug discovery strategies.