Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, such as Alzheimer's disease, due to the presence of the azetidine ring, which is known for its role in modulating enzyme activity. Additionally, it is employed in the preparation of peptidomimetics, which mimic peptides and are used in drug discovery to enhance stability and bioavailability. The hydrochloride form ensures better solubility and handling in laboratory settings.