This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of drug intermediates. It serves as a key building block in the creation of compounds targeting neurological and cardiovascular disorders. Its structure is valuable for designing molecules that interact with specific receptors or enzymes in the body, aiding in the development of potential therapeutic agents. Additionally, it may be used in studies exploring anti-inflammatory or antioxidant properties due to its functional groups. Its hydrochloride form enhances solubility, making it suitable for various experimental and formulation processes in drug discovery.