This compound is primarily utilized in pharmaceutical research and development due to its unique structural properties. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its fused ring system is advantageous in designing drugs with enhanced binding affinity and selectivity for specific receptors. Additionally, it has potential applications in the development of novel therapeutic agents for conditions such as anxiety, depression, and neurodegenerative diseases. Researchers also explore its use in creating small-molecule inhibitors for enzymes involved in disease pathways. Its versatility makes it a valuable scaffold in medicinal chemistry for optimizing drug candidates.