This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting neurological and cardiovascular conditions. It serves as a key building block in the production of compounds that exhibit vasodilatory and neuroprotective properties. Additionally, it is employed in research settings to study the mechanisms of enzyme inhibition and receptor modulation, contributing to advancements in medicinal chemistry. Its hydrochloride form enhances stability and solubility, making it suitable for various experimental and industrial applications.