This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure, featuring both an amino acid backbone and a chloromethylphenyl group, makes it suitable for the development of peptide-based drugs and enzyme inhibitors. Additionally, it is employed in the preparation of chiral compounds, leveraging its stereochemistry to produce enantiomerically pure substances for therapeutic applications. Researchers also explore its potential in designing prodrugs and targeted drug delivery systems due to its reactive chloromethyl group, which can be modified for conjugation with other molecules.