This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique fused ring system makes it valuable in the construction of heterocyclic compounds, which are often explored for their potential biological activities. Researchers leverage its reactivity to synthesize derivatives that can be screened for pharmaceutical applications, particularly in the design of molecules with potential therapeutic effects. Additionally, its structural features make it a candidate for use in materials science, where it may contribute to the development of novel organic materials with specific electronic or optical properties.