This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules targeting various biological pathways, such as enzyme inhibition or receptor modulation. Researchers often explore its potential in treating neurological disorders, cardiovascular diseases, or inflammatory conditions due to its unique chemical framework. Additionally, it may serve as a building block in medicinal chemistry to optimize drug efficacy, selectivity, and pharmacokinetic properties. Its hydrochloride form enhances solubility, making it suitable for experimental studies in aqueous systems.