This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of potential therapeutic agents, especially those targeting neurological disorders and cardiovascular diseases. Its structure is valuable in designing inhibitors for specific enzymes or receptors, contributing to drug discovery efforts. Additionally, it may be explored for its potential in treating conditions like hypertension or cognitive impairments due to its interaction with certain biological pathways. Its hydrochloride form enhances stability and solubility, making it suitable for experimental and formulation purposes in medicinal chemistry.