This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the production of chiral drugs. Its role as a chiral building block is crucial in the development of enantiomerically pure medications, which are often more effective and have fewer side effects. Additionally, it finds application in the preparation of amino acid derivatives, which are essential in peptide synthesis and drug design. Its hydrochloride form enhances solubility, making it suitable for use in various aqueous-based reactions and formulations.