Primarily used in pharmaceutical research, this compound serves as an intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders, such as antidepressants and anxiolytics, due to its structural similarity to certain neurotransmitters. Additionally, it is employed in the preparation of chiral compounds, leveraging its amine group for asymmetric synthesis. Its hydrochloride form enhances solubility, making it suitable for use in aqueous-based reactions and formulations.