This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly in the development of chiral drugs. Its structure, featuring both an amino group and a hydroxyl group, makes it a valuable intermediate in organic synthesis. It is often employed in the production of beta-amino alcohols, which are key building blocks for a range of therapeutic agents, including antibiotics, antivirals, and cardiovascular drugs. Additionally, its chiral nature allows for the creation of enantiomerically pure compounds, which is crucial for enhancing the efficacy and reducing the side effects of medications. The hydrochloride form enhances its stability and solubility, facilitating its use in various chemical reactions and formulations.