Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological pathways. Its rigid polycyclic structure supports the development of ligands for serotonin and dopamine receptors, making it valuable in the study of central nervous system disorders. Additionally, derivatives of this compound are explored for their potential in treating neurodegenerative diseases and psychiatric conditions due to their ability to cross the blood-brain barrier. It is also employed in the design of novel kinase inhibitors for oncology research, where its scaffold contributes to enhanced binding affinity and selectivity.