This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various therapeutic agents. Its structure, featuring both an aminomethyl group and a hydroxyl group on a tetrahydrofuran ring, makes it a valuable building block for the development of drugs targeting neurological and cardiovascular disorders. Specifically, it is often employed in the preparation of chiral molecules, which are crucial for creating enantiomerically pure medications with enhanced efficacy and reduced side effects. Additionally, its hydrochloride form improves solubility, facilitating its use in drug formulation processes. Researchers also explore its potential in designing novel compounds for treating conditions like hypertension, arrhythmias, and neurodegenerative diseases.