This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular systems. Its structural framework is often incorporated into the development of potential therapeutic agents, including inhibitors of enzymes like monoamine oxidase (MAO) and other receptors involved in neurotransmission. Additionally, it is explored for its potential in creating novel compounds with analgesic or antihypertensive properties. Researchers also investigate its role in designing drugs for treating neurodegenerative disorders such as Parkinson's and Alzheimer's diseases. Its hydrochloride form enhances solubility, making it more suitable for experimental and formulation purposes.