Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and central nervous system agents. Its structure supports the development of bioactive molecules due to the presence of reactive functional groups and a rigid cyclic framework. Commonly employed in research settings for the preparation of substituted tetralins and as a building block in medicinal chemistry for drug discovery programs. Also utilized in the creation of fragrances and flavoring agents owing to its aromatic characteristics.