This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of tricyclic compounds, which are often explored for their potential therapeutic effects on the central nervous system. Researchers focus on its application in creating analogs that may exhibit antidepressant, antipsychotic, or anxiolytic properties. Additionally, its unique chemical framework makes it a candidate for further modification to enhance bioavailability, selectivity, and efficacy in targeting specific neurological pathways.