This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. It plays a significant role in the development of drugs targeting the central nervous system, particularly in the creation of compounds that interact with neurotransmitter receptors. Its structural features make it valuable for designing ligands with high affinity and selectivity for specific receptor subtypes. Additionally, it is employed in the preparation of chiral building blocks for asymmetric synthesis, contributing to the production of enantiomerically pure pharmaceuticals. Its hydrochloride form enhances stability and solubility, making it suitable for use in diverse chemical reactions and formulations.