This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its structure suggests potential applications in the design of small molecule inhibitors, which can target specific enzymes or receptors involved in disease pathways. It may be explored for its efficacy in treating conditions such as inflammation, cancer, or neurological disorders due to its functional groups, which can interact with biological targets. Additionally, it could serve as an intermediate in the production of more complex drug molecules, contributing to advancements in medicinal chemistry. Its hydrochloride form enhances solubility, making it suitable for formulation in drug delivery systems.