This compound is primarily utilized in pharmaceutical research and development due to its structural properties, which make it a valuable intermediate in the synthesis of various biologically active molecules. Its chiral nature allows it to serve as a building block in the creation of enantiomerically pure drugs, particularly those targeting neurological and cardiovascular disorders. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its hydrochloride form enhances solubility, making it suitable for use in aqueous-based experimental setups.