Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting the central nervous system, such as antipsychotics and antidepressants, due to its structural similarity to neurotransmitters. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of neurological pathways. Its hydrochloride form enhances solubility, making it suitable for experimental and formulation processes.