Used in organic synthesis as a building block for pharmaceuticals and bioactive compounds. Serves as an intermediate in the development of central nervous system agents due to the presence of both amine and phenolic functional groups. Employed in research settings for modifying molecular structures to enhance bioavailability or binding affinity. Also utilized in the preparation of fluorescent probes and labeling reagents for biochemical assays. Its hydrochloride salt form improves solubility and stability in aqueous environments, making it suitable for use in biological testing and drug discovery workflows.