Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting the central nervous system, where its imidazole moiety plays a crucial role in binding to specific receptors. Additionally, it is employed in the preparation of compounds with potential anti-inflammatory, antimicrobial, and antifungal properties. Its hydrochloride form enhances solubility, making it suitable for use in aqueous-based formulations during drug development and testing.