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 structure is often incorporated into the development of potential drugs that modulate neurotransmitter systems, such as GABA or serotonin receptors, due to its unique oxadiazole ring and amine functionality. Additionally, it is explored in the design of small molecule inhibitors for enzymes involved in disease pathways, offering potential applications in treating conditions like anxiety, depression, or neurodegenerative diseases. Its hydrochloride form enhances solubility, making it suitable for experimental formulations and preclinical studies.