This compound is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often utilized in the development of inhibitors for enzymes like monoamine oxidase or other targets involved in neurotransmitter regulation. Additionally, it is employed in peptide synthesis, where it acts as a protecting group for amino functionalities, ensuring selective reactions during complex molecular constructions. Its hydrochloride form enhances solubility, making it suitable for use in aqueous reaction environments.