Used primarily in organic synthesis and medicinal chemistry research, this compound serves as a structural scaffold for developing biologically active molecules. Its rigid polycyclic framework is of interest in the design of potential neuroactive agents and receptor ligands due to its resemblance to known pharmacophores in central nervous system drugs. It is also employed in the study of heterocyclic compound reactivity, aiding in the development of novel synthetic methodologies. Limited commercial applications exist, as its use remains largely confined to laboratory-scale research and the exploration of new therapeutic candidates.