Used in organic synthesis as a building block for more complex molecules, particularly in the pharmaceutical industry. It serves as an intermediate in the production of various drugs, including those targeting neurological and cardiovascular conditions. The compound's structure allows it to act as a chiral precursor, aiding in the creation of enantiomerically pure substances. Additionally, it is employed in research and development for studying receptor interactions and biochemical pathways. Its hydrochloride form enhances stability and solubility, making it suitable for laboratory and industrial applications.