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 and cardiovascular disorders, owing to its structural properties that allow it to interact effectively with biological systems. Additionally, it is employed in research settings for the preparation of novel compounds with potential therapeutic applications, particularly in the study of enzyme inhibition and receptor modulation. Its hydrochloride form enhances solubility, making it suitable for formulation and experimental studies.