This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure, featuring an indane core with a methoxy group and an amine functionality, makes it a versatile building block for developing compounds with potential therapeutic effects. It is often employed in the design and synthesis of drugs targeting neurological disorders, particularly those involving modulation of neurotransmitter systems. Additionally, it has been explored in the development of ligands for receptors in the central nervous system, contributing to research on treatments for conditions such as depression, anxiety, and chronic pain. Its hydrochloride salt form enhances stability and solubility, making it suitable for use in various experimental and industrial processes.