Used primarily in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. Its structure supports the development of agents with potential antipsychotic, antidepressant, or cognitive-enhancing effects. The compound's amine and benzimidazole functionalities enable strong interactions with biological targets, making it valuable in medicinal chemistry for designing receptor modulators. It is also employed in the preparation of novel drug candidates during early-stage discovery due to its favorable solubility and binding properties when formulated as the hydrochloride salt.