This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its bicyclic structure, which includes nitrogen atoms, makes it a valuable scaffold for developing drugs that target neurological disorders, particularly those involving the modulation of neurotransmitter systems. Researchers have explored its potential in creating compounds that interact with receptors in the central nervous system, such as those for dopamine or serotonin, which could lead to treatments for conditions like depression, anxiety, or Parkinson's disease. Additionally, its structural features are being investigated for their role in enhancing the bioavailability and stability of drug candidates. The compound's versatility also extends to its use in organic synthesis, where it serves as a building block for constructing complex molecules with potential applications in drug discovery and development.