This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules and drug candidates. Its chiral structure makes it particularly valuable in the production of enantiomerically pure compounds, which are essential for creating drugs with high specificity and reduced side effects. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its hydrochloride form enhances solubility, making it more suitable for use in aqueous-based experimental setups.