Used in pharmaceutical synthesis as an intermediate for central nervous system agents, particularly in the development of tricyclic compounds with potential antidepressant or anticonvulsant activity. Its structure supports the formation of bioactive molecules that interact with neurological receptors. Commonly employed in research settings to explore new therapeutic agents for mood disorders and epilepsy. Also utilized in medicinal chemistry for structure-activity relationship studies due to its rigid tricyclic framework and functional group versatility.