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 psychiatric disorders, particularly those involving dopamine and serotonin receptors. Its structural properties make it valuable for creating molecules with enhanced bioavailability and therapeutic efficacy. Additionally, it is employed in research settings to study receptor interactions and develop novel therapeutic agents for conditions such as schizophrenia, depression, and Parkinson's disease. Its hydrochloride form ensures stability and solubility, facilitating its use in formulation and drug delivery systems.