This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral molecules. Its structure, featuring a chiral center and a hydroxyl group, makes it a valuable intermediate in the production of enantiomerically pure drugs. It is often employed in the creation of compounds targeting neurological and cardiovascular diseases, where stereochemistry plays a critical role in efficacy and safety. Additionally, it serves as a building block in organic synthesis for the development of peptidomimetics and other bioactive molecules. Its hydrochloride form enhances stability and solubility, facilitating its use in various experimental and industrial processes.