It is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the creation of molecules with potential therapeutic effects, such as inhibitors for specific enzymes or receptors involved in disease pathways. Additionally, it finds application in the study of neurological disorders, where its derivatives are explored for their ability to modulate brain activity. The compound is also used in the development of novel drug candidates targeting inflammation and cancer, due to its ability to interact with critical cellular processes. Its hydrochloride form enhances solubility, making it more suitable for experimental and formulation purposes.