This chemical is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceutical compounds. Its structure, featuring a tert-butoxycarbonyl (Boc) protecting group, makes it valuable in peptide synthesis, where it helps protect amine functionalities during complex reactions. The compound is also employed in the synthesis of biologically active molecules, including potential drug candidates targeting neurological disorders or other therapeutic areas. Its unique fused ring system provides a versatile scaffold for further chemical modifications, enabling the creation of diverse molecular architectures for drug discovery and development.