This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural similarity to certain opioid analgesics. It is often studied for its potential binding affinity to opioid receptors, which could lead to the development of new pain management therapies. Researchers explore its derivatives to optimize efficacy, reduce side effects, and improve selectivity for specific receptor subtypes. Additionally, it serves as a key intermediate in the synthesis of more complex molecules aimed at treating chronic pain or opioid addiction. Its unique bicyclic structure also makes it a subject of interest in organic synthesis and drug design for creating novel bioactive compounds.