This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting the central nervous system. Its bicyclic structure makes it a valuable scaffold for designing molecules with potential therapeutic effects, such as neuromodulators or enzyme inhibitors. It is often employed in medicinal chemistry research to create analogs with enhanced biological activity or improved pharmacokinetic properties. Additionally, it serves as a key building block in the production of complex organic compounds, contributing to advancements in drug discovery and development.