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 biologically active molecules, particularly those targeting central nervous system disorders. Its fused ring system and amine functionality make it a valuable scaffold for designing drugs with potential therapeutic effects, such as antipsychotics, antidepressants, or anxiolytics. Additionally, it is explored in the development of small-molecule inhibitors for specific enzymes or receptors, contributing to advancements in medicinal chemistry. Its applications also extend to agrochemical research, where it may be used to develop novel compounds for crop protection.