Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) agents. Its structure allows for selective modification, making it valuable in creating potent and selective receptor modulators. Commonly employed in the preparation of drug candidates targeting neurological disorders such as depression, anxiety, and schizophrenia. Also utilized in medicinal chemistry research for building complex polycyclic nitrogen-containing molecules due to its stability and functional group compatibility.