This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of compounds that act on the central nervous system, such as antidepressants and anxiolytics. Its structure allows for modifications that enhance binding affinity to specific receptors, making it valuable in drug development. Additionally, it is employed in research settings to study neurotransmitter pathways and receptor interactions, aiding in the understanding of brain function and the development of novel therapeutic strategies. Its hydrochloride form ensures stability and solubility, facilitating its use in laboratory and industrial processes.