This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique stereochemistry makes it valuable for creating chiral molecules, which are crucial in the development of drugs with specific biological activities. It is often employed in the production of antiviral and anticancer agents, where precise molecular configuration is essential for efficacy. Additionally, its cyclopentane structure is leveraged in designing compounds that target neurological disorders, as it can mimic certain natural substrates in the brain. The hydrochloride form enhances its solubility, making it more suitable for use in various formulations and reactions.