This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable in the production of enantiomerically pure drugs, particularly those targeting the central nervous system. It is also employed in the development of antiviral and antibacterial agents, where its cyclopentane ring plays a crucial role in mimicking natural substrates. Additionally, it serves as a building block in organic synthesis for creating complex molecules with potential therapeutic applications. Its hydrochloride form enhances stability and solubility, making it suitable for use in various formulations and research applications.