This compound is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various drugs, particularly those targeting neurological and cardiovascular conditions. Its methoxy group enhances its reactivity, making it valuable for creating complex molecules with specific biological activities. Additionally, it is utilized in the development of agrochemicals, contributing to the synthesis of herbicides and pesticides. Its hydrochloride form improves stability and solubility, facilitating its use in laboratory and industrial processes.