This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a chiral building block in the synthesis of various biologically active molecules. Its structure, featuring a naphthalene ring, makes it valuable in the design of drugs targeting specific receptors or enzymes, particularly in the development of central nervous system (CNS) therapeutics. Additionally, it is used in the preparation of enantiomerically pure compounds, which are crucial for studying stereochemistry and its impact on drug efficacy and safety. The hydrochloride salt form enhances its stability and solubility, making it suitable for use in experimental formulations and drug delivery systems.