This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate or building block in the synthesis of complex molecules, particularly those targeting neurological disorders. Its bicyclic structure and functional groups make it a valuable scaffold for developing drugs that interact with specific receptors or enzymes in the central nervous system. Researchers often explore its potential in creating novel therapeutics for conditions such as anxiety, depression, or neurodegenerative diseases. Additionally, its trifluoroacetate salt form enhances solubility, making it more suitable for use in various experimental and formulation processes.