This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both an amino group and a hydroxyl group, makes it a versatile building block for creating compounds with potential therapeutic applications. It is often employed in the design and production of drugs targeting neurological disorders, cardiovascular diseases, and infectious diseases. Additionally, its unique chemical properties enable its use in the development of chiral catalysts and ligands for asymmetric synthesis, which is crucial in producing enantiomerically pure pharmaceuticals. The compound’s stability and reactivity also make it valuable in medicinal chemistry for optimizing drug candidates during the early stages of drug discovery.