From Schrödinger equation we know that $\hat{H}=\hat{E} $ for non-relativistic systems.
For relativistic scenarios we use the usual $\hat{E}^2 = c^2\left(\hat{p}^2+m^2c^2 \right)$. From this we can derive Klein-Gordon and Dirac equations.
Nonetheless, what would happen if we replace $\hat{E}$ with $\hat{H}$? Is that valid physics? The immediate result would be (for a free particle):
$$\left(\frac{\hbar^2}{4m^2c^2}\nabla^4 + \nabla^2 - \frac{m^2c^2}{\hbar^2}\right)\psi = 0$$
Where $\nabla^4$ is the biharmonic operator. I guess this equation does not apply as we would be comparing something classical to something relativistic, but I am curious to know if this is the case and what would the equation represent if not.