This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the preparation of compounds that target neurological disorders, including anxiety and depression, due to its structural properties that allow it to interact with specific receptors in the brain. Additionally, it is employed in the development of prodrugs, where its carbamate group can be cleaved to release the active drug molecule in a controlled manner. Its hydrochloride form enhances solubility, making it more suitable for formulation and bioavailability studies. Researchers also explore its potential in creating novel therapeutic agents for other conditions, leveraging its chemical framework for further modifications.