This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly as an intermediate in the production of more complex molecules. Its structure, featuring both an amine and a benzyl ester group, makes it valuable for constructing peptides and other bioactive compounds. It is often employed in the development of enzyme inhibitors and receptor ligands, where the amine group can participate in binding interactions. Additionally, it serves as a protective group in peptide synthesis, ensuring specific reaction sites remain unaffected during multi-step processes. Its hydrochloride form enhances solubility, facilitating its use in aqueous reaction environments.