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 bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its structural framework is often incorporated into the design of drugs that interact with specific receptors or enzymes in the body. Additionally, it is used in the preparation of chiral compounds, aiding in the study of stereochemistry and the production of enantiomerically pure substances. Its hydrochloride form enhances solubility, making it more suitable for experimental and industrial applications.