Used in organic synthesis as an intermediate for pharmaceuticals, particularly in the development of central nervous system agents. Shows potential in the creation of selective receptor modulators due to its rigid polycyclic structure and functional amine group. Also employed in the preparation of bioactive molecules for neurological research, including compounds targeting serotonin and dopamine pathways. Its methoxy and amine functionalities allow for further chemical modifications, making it valuable in medicinal chemistry for structure-activity relationship studies.