Primarily utilized in organic synthesis, this compound serves as a versatile intermediate in the development of various pharmaceutical agents. Its bicyclic structure is particularly valuable in the construction of complex molecules, often employed in the synthesis of alkaloids and other bioactive compounds. In medicinal chemistry, it is used to create novel drug candidates targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Additionally, it finds application in the preparation of ligands for catalysis, enhancing the efficiency of chemical reactions. Its hydrochloride form ensures better solubility and stability, making it a preferred choice in experimental and industrial processes.