Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of piperidine-based compounds, which are often explored for their potential therapeutic effects. Researchers utilize it to develop drugs targeting neurological disorders, such as Alzheimer's disease, due to its ability to modulate specific receptors in the brain. Additionally, it is employed in the production of small molecule inhibitors that may be effective in treating certain types of cancers. Its hydrochloride form enhances solubility, making it more suitable for experimental formulations and drug delivery systems.