This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of chiral drugs. Its structure, featuring both amino and hydroxyl groups, makes it a valuable intermediate in organic synthesis. It is often employed in the preparation of biologically active molecules, including those targeting neurological disorders and cardiovascular diseases. Additionally, its chiral nature allows for the creation of enantiomerically pure compounds, which are crucial in drug design to ensure efficacy and reduce side effects. It also finds use in research settings for studying enzyme mechanisms and receptor interactions due to its ability to mimic natural substrates.