This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly in the development of chiral drugs. Its structure, featuring both amino and hydroxyl groups, makes it a valuable intermediate in creating molecules with specific biological activities. It is often employed in the production of compounds targeting neurological and cardiovascular disorders. Additionally, its chiral nature allows for the development of enantiomerically pure drugs, enhancing efficacy and reducing side effects. Researchers also explore its use in the design of novel therapeutic agents due to its potential to interact with biological targets selectively.