Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the creation of novel therapeutic agents targeting the central nervous system, where its structural properties can influence receptor binding and pharmacological activity. Additionally, it is employed in organic synthesis for constructing complex cyclobutane-containing compounds, which are of interest in medicinal chemistry due to their unique ring strain and reactivity. Its hydrochloride form ensures stability and solubility, making it suitable for experimental and industrial applications.