Used primarily in pharmaceutical research and development, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of beta-blockers, which are medications used to manage cardiovascular conditions like hypertension and arrhythmias. Its structural properties make it suitable for creating compounds that interact with adrenergic receptors, aiding in the regulation of heart rate and blood pressure. Additionally, it finds application in organic synthesis for the preparation of complex molecules with potential therapeutic effects. Its hydrochloride form enhances solubility, facilitating its use in various chemical reactions and formulations.