This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of biologically active molecules. Its structure, featuring both an aminoethyl group and a carbamate moiety, makes it valuable for constructing compounds targeting neurological and cardiovascular systems. It is often employed in the preparation of potential drug candidates, especially those involving receptor modulation or enzyme inhibition. Additionally, it serves as a building block in peptide synthesis and the development of prodrugs, where its protective groups can be selectively removed to release active pharmaceutical ingredients. Its hydrochloride form enhances stability and solubility, facilitating its use in various experimental and industrial processes.