Used as an intermediate in the synthesis of pharmaceuticals, particularly beta-adrenergic agonists such as bronchodilators for respiratory conditions including asthma and chronic obstructive pulmonary disease (COPD). It serves as a building block for amine-containing compounds due to its reactive amino alcohol functionality. Also employed in the preparation of agrochemicals, specialty polymers, and surfactants for personal care products. Its structure allows for easy modification in organic synthesis, making it valuable in developing bioactive molecules. The compound exhibits good water solubility and aids in pH adjustment in formulations.