This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural complexity and potential biological activity. It serves as a key intermediate or building block in the synthesis of more complex molecules, particularly those targeting neurological and psychiatric disorders. Its unique tricyclic structure makes it a valuable scaffold for developing compounds that interact with neurotransmitter systems, such as serotonin or dopamine receptors. Researchers explore its derivatives for potential applications in treating conditions like depression, anxiety, or schizophrenia. Additionally, its chemical framework is of interest in drug discovery programs aimed at identifying novel therapeutics with improved efficacy and reduced side effects.