Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, as it can act as a precursor for drugs that modulate neurotransmitter systems. Additionally, it is employed in the development of potential therapeutic agents for conditions like anxiety, depression, and cognitive impairments. Its hydrochloride form enhances solubility, making it suitable for experimental studies and formulation processes. Researchers also explore its utility in designing novel ligands for receptor-binding studies, aiding in the discovery of new drug candidates.