This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various heterocyclic compounds. It serves as a key intermediate in the production of biologically active molecules, including potential drugs targeting central nervous system disorders. Its imidazole ring structure makes it valuable in medicinal chemistry for designing compounds with specific receptor-binding properties. Additionally, it is employed in the development of enzyme inhibitors, which are crucial for treating diseases like cancer and inflammatory conditions. Its hydrochloride form enhances solubility, making it more suitable for experimental and formulation purposes in drug discovery.