This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is valuable in the synthesis of compounds that interact with neurotransmitter systems, such as serotonin and dopamine receptors. Additionally, it is employed in the preparation of ligands for studying receptor binding and signal transduction pathways. Its dihydrochloride form enhances solubility, making it suitable for use in aqueous-based experimental setups.