This compound is primarily used in the synthesis of pharmaceuticals, particularly in the development of chiral drugs due to its stereospecific properties. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target neurological and cardiovascular disorders. Additionally, it is employed in peptide synthesis, where it acts as a building block for creating specific amino acid sequences. Its hydrochloride form enhances stability and solubility, making it suitable for various chemical reactions in research and industrial applications.