This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of active pharmaceutical ingredients (APIs). Its structure, featuring a chiral center and aromatic moiety, makes it valuable in the development of enantiomerically pure drugs, particularly those targeting the central nervous system or acting as receptor modulators. It is often employed in the production of compounds with potential therapeutic effects, such as anti-inflammatory, analgesic, or neuroprotective agents. Additionally, its hydrochloride salt form enhances solubility and stability, making it suitable for use in drug formulation and research applications.