This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It is particularly significant in the development of drugs targeting the central nervous system, where its structural framework is incorporated into molecules designed to interact with specific receptors or enzymes. Additionally, it serves as a building block for creating compounds with potential anti-inflammatory, antimicrobial, or antiviral properties. Its hydrochloride form enhances solubility, making it more suitable for use in experimental and formulation processes. Researchers also explore its applications in designing novel therapeutic agents for conditions such as anxiety, depression, or neurodegenerative disorders.