This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and cardiovascular systems. Its structural framework is valuable in the design of compounds with potential therapeutic effects, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the study of peptide mimetics, aiding in the creation of peptide-like structures that can mimic natural peptides for drug discovery purposes. Its hydrochloride form enhances solubility, making it more suitable for experimental and industrial applications.