This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring an aminomethyl group and a methoxy phenyl ring, makes it valuable in the development of compounds targeting neurological and cardiovascular disorders. It is often employed in the creation of ligands for receptors involved in neurotransmission, aiding in the design of drugs for conditions such as depression, anxiety, and hypertension. Additionally, its dihydrochloride form enhances solubility, making it suitable for formulation in injectable or oral medications. Researchers also explore its potential in designing novel therapeutic agents due to its versatile chemical framework.