This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it suitable for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Additionally, it is employed in the creation of potential therapeutic agents for conditions like anxiety, depression, and neurodegenerative diseases. Its hydrochloride form enhances stability and solubility, facilitating its use in experimental and formulation processes. Researchers also explore its role in designing novel drug candidates with improved efficacy and reduced side effects.