This compound is primarily used in organic synthesis as a chiral building block. It serves as a key intermediate in the preparation of pharmaceuticals, particularly in the development of drugs that require specific stereochemistry for their biological activity. The boronate ester group in the molecule is valuable for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Additionally, its amine hydrochloride form enhances solubility and stability, making it suitable for various chemical transformations. It is also employed in the synthesis of bioactive compounds, including potential therapeutic agents targeting neurological and metabolic disorders.