This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of beta-adrenergic receptor agonists. These agonists are crucial in treating conditions like asthma and chronic obstructive pulmonary disease (COPD) by relaxing the muscles in the airways and improving breathing. Additionally, it serves as an intermediate in the production of various other therapeutic agents, contributing to the broader field of medicinal chemistry. Its structural properties make it valuable for creating molecules with specific biological activities, aiding in the discovery and optimization of new drugs.