This compound is primarily utilized in pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. It is particularly significant in the development of compounds targeting central nervous system disorders, such as anxiety and depression, due to its structural similarity to molecules that interact with neurotransmitter receptors. Additionally, it is employed in the design of kinase inhibitors, which are crucial in cancer therapy, as it can modulate enzyme activity involved in cell signaling pathways. Its hydrochloride form enhances solubility, making it more suitable for experimental and formulation purposes in drug discovery.