This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the production of various therapeutic agents, including those targeting the central nervous system. Its structural properties make it valuable in the design of compounds with potential anxiolytic, antipsychotic, or antidepressant effects. Additionally, it is employed in the study of receptor-ligand interactions, aiding in the discovery of new drugs for neurological and psychiatric disorders. Its hydrochloride form enhances solubility, making it more suitable for experimental and formulation purposes.