This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of complex organic molecules. It serves as a key intermediate in the production of various drugs, including those targeting the central nervous system. Its bicyclic structure makes it valuable for creating compounds with specific biological activities, such as receptor modulators or enzyme inhibitors. Additionally, it is employed in medicinal chemistry to explore new therapeutic agents, especially for neurological disorders. Its hydrochloride form enhances solubility, facilitating its use in experimental formulations and drug delivery systems.