This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key chiral building block in the creation of drugs targeting central nervous system disorders, such as depression and anxiety, due to its structural similarity to certain neurotransmitters. Additionally, it is employed in the development of enantioselective catalysts for organic synthesis, enhancing the efficiency of producing chiral compounds. Its hydrochloride form improves stability and solubility, making it suitable for various experimental and industrial applications.