Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it can be modified to enhance therapeutic effects. In organic chemistry, it acts as a building block for creating complex molecules, especially in the preparation of cyclopentane derivatives. Additionally, it finds application in the study of receptor-ligand interactions, aiding in the discovery of new drug candidates. Its hydrochloride form ensures better stability and solubility, making it suitable for experimental and industrial use.