This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex molecules. Its structure, featuring both an amino group and a carboxylate ester, makes it a versatile building block in the synthesis of various heterocyclic compounds, which are often explored for their potential biological activities. Researchers frequently employ it in the preparation of pharmaceutical agents, particularly those targeting neurological disorders or possessing anti-inflammatory properties. Additionally, its tetrahydrobenzofuran moiety is of interest in medicinal chemistry for designing drugs with enhanced bioavailability and metabolic stability. The hydrochloride salt form improves its solubility, facilitating its use in aqueous reaction conditions.