This compound is primarily utilized in pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable for developing compounds targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments. Researchers often explore its potential in modulating receptors or enzymes involved in brain function. Additionally, it is investigated for its role in creating novel therapeutic agents with anti-inflammatory or antioxidant properties. Its hydrochloride form enhances solubility, making it more suitable for experimental studies and drug formulation processes.