This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly those targeting neurological and cardiovascular systems. It serves as a key intermediate in the production of chiral drugs, leveraging its piperidine structure to enhance binding affinity and selectivity in receptor interactions. Additionally, it is employed in research settings for the development of novel therapeutic compounds, especially in the study of enzyme inhibitors and receptor modulators. Its hydrochloride form ensures stability and solubility, making it suitable for various experimental and industrial applications.