This compound is primarily utilized in the synthesis of chiral molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of enantiomerically pure drugs, where its chiral center plays a crucial role in ensuring the desired biological activity. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic applications, especially in the fields of neurology and oncology. Its hydrochloride form enhances solubility, making it more suitable for use in various chemical reactions and formulations.