Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its bicyclic structure is valuable in developing drugs targeting the central nervous system, particularly for neurological disorders. It is also explored in the creation of novel analgesics and anti-inflammatory agents due to its potential to interact with specific receptors in the body. Additionally, its hydrochloride form enhances solubility, making it suitable for formulation studies in drug development.