This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting cardiovascular diseases, particularly those related to cholesterol management. The compound's stereochemistry is significant, as it ensures the efficacy and specificity of the final drug product. Additionally, it is used in research and development for creating novel therapeutic agents, especially in the field of enzyme inhibition and receptor modulation. Its hydrochloride form enhances stability and solubility, making it suitable for formulation into oral or injectable medications.