This compound is primarily utilized in biochemical research and pharmaceutical development due to its role as a chiral building block in the synthesis of peptides and other bioactive molecules. Its structure, featuring both an amino group and a hydroxyl group, makes it valuable for creating enantiomerically pure compounds, which are essential in drug design to ensure specificity and efficacy. Additionally, it is used in studies related to neurotransmitter regulation and metabolic pathways, particularly those involving tyrosine derivatives. Its hydrobromide form enhances solubility, facilitating its use in various experimental and formulation processes.