This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of beta-blockers, which are drugs used to manage cardiovascular conditions such as hypertension, angina, and arrhythmias. Its structure, featuring a phenol group and an amino substituent, allows it to interact with beta-adrenergic receptors, making it a valuable intermediate in medicinal chemistry. Additionally, it may be employed in research settings to study receptor-ligand interactions and to design novel therapeutic agents targeting the cardiovascular system. Its hydroxyl and amino functional groups also make it a candidate for further chemical modifications, expanding its potential applications in drug discovery and development.