Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing drugs targeting neurological disorders, such as antidepressants and anxiolytics, due to its ability to interact with serotonin and dopamine receptors. Additionally, it is employed in organic synthesis to create complex molecules for medicinal chemistry studies. Its hydrochloride form enhances stability and solubility, making it suitable for laboratory and industrial applications.