This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active compounds. Its structure is particularly valuable in the development of molecules targeting central nervous system disorders, such as anxiety, depression, and epilepsy. Researchers leverage its unique bicyclic framework to design and optimize drug candidates with enhanced binding affinity and selectivity for specific biological targets. Additionally, it serves as a building block in the creation of novel heterocyclic compounds, which are often explored for their potential therapeutic applications in treating inflammatory diseases and microbial infections. Its versatility in organic synthesis makes it a valuable tool in drug discovery and development processes.