Used primarily in organic synthesis, this compound serves as a building block for the preparation of more complex molecules. It is particularly valuable in the pharmaceutical industry for the development of drugs, where its structure can be modified to create active pharmaceutical ingredients. Additionally, it finds application in the synthesis of peptides and other biologically active compounds, contributing to advancements in medicinal chemistry. Its hydrochloride form enhances solubility, making it more convenient for use in various chemical reactions and formulations.