This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and psychiatric disorders. Its structural properties make it valuable for designing molecules that interact with specific receptors in the brain, aiding in the development of drugs for conditions such as anxiety, depression, and cognitive impairments. Additionally, it is employed in organic synthesis to create complex molecules with potential therapeutic applications. Its hydrochloride form enhances stability and solubility, making it suitable for formulation studies and drug delivery systems.