This compound is primarily utilized in the pharmaceutical and research sectors. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular systems. Its chiral structure makes it valuable in the development of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in peptide synthesis, where its naphthalene moiety can enhance binding affinity and stability in drug candidates. Researchers also use it to study receptor-ligand interactions, aiding in the design of novel therapeutic agents. Its hydrochloride form improves solubility, making it suitable for experimental and formulation purposes.