This compound is primarily utilized in organic synthesis as an intermediate for the preparation of various pharmaceuticals and bioactive molecules. Its structure, featuring both an amino and a hydroxyl group, makes it a versatile building block for the development of compounds with potential therapeutic applications. It is often employed in the synthesis of drugs targeting neurological disorders, as the benzylamino group can interact with specific receptors in the brain. Additionally, it serves as a precursor in the creation of surfactants and emulsifiers due to its amphiphilic nature, which allows it to stabilize mixtures of oil and water. Its hydrochloride form enhances solubility, making it suitable for use in aqueous reaction systems.