This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it a valuable building block for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often employ it in the design and optimization of potential therapeutic agents for conditions like depression, anxiety, and schizophrenia. Additionally, its hydrochloride form enhances solubility, making it more suitable for use in experimental formulations and drug delivery systems.