Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its bicyclic structure is particularly valuable in the development of drugs targeting the central nervous system, including potential treatments for neurological disorders. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways. The hydrochloride form enhances its stability and solubility, making it suitable for experimental and industrial applications.