This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular disorders. Its structure, featuring an aminomethyl group, makes it a valuable intermediate in the production of drugs that interact with specific receptors or enzymes in the body. Additionally, it is employed in the development of organic compounds for research purposes, aiding in the study of chemical reactions and biological pathways. Its hydrochloride form ensures stability and solubility, making it suitable for use in laboratory and industrial settings.