This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure, featuring a benzyl group and a fused bicyclic system, makes it a valuable building block for developing compounds with potential therapeutic effects. Specifically, it is often employed in the design and synthesis of drugs targeting the central nervous system, such as antidepressants, anxiolytics, and antipsychotics. Additionally, its unique stereochemistry and functional groups allow for further chemical modifications, enabling researchers to explore its applications in creating novel bioactive molecules with improved efficacy and selectivity.