Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of potent modulators targeting neurological receptors, making it valuable in drug discovery for conditions like epilepsy, anxiety, and neurodegenerative diseases. The compound's rigid fused ring system enhances binding selectivity and metabolic stability in final drug forms. It is also explored in the preparation of kinase inhibitors for potential oncology applications.