Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing potential therapeutic agents, particularly for neurological disorders. It is also explored in the creation of novel drugs targeting serotonin receptors, which play a role in mood regulation and mental health. Additionally, it finds application in organic synthesis for constructing complex heterocyclic frameworks, which are essential in medicinal chemistry. Its hydrochloride form enhances solubility, making it suitable for experimental studies and drug formulation processes.