This compound is primarily utilized in the field of organic synthesis, where it serves as a building block for the creation of more complex molecules. Its unique bicyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds that target the central nervous system. Researchers often employ it in the preparation of alkaloids and other nitrogen-containing heterocycles, which are crucial in drug discovery and development. Additionally, it finds application in the study of enzyme inhibitors, where its structural properties help in understanding binding interactions and designing more effective therapeutic agents.