This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural properties make it a valuable building block for creating compounds with potential therapeutic effects on conditions such as anxiety, depression, and cognitive impairments. Additionally, it is employed in research settings to study the pharmacological activity of novel compounds, aiding in the discovery of new treatments for complex diseases. Its hydrochloride form enhances stability and solubility, making it more suitable for formulation and experimental use.