Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers, which are medications designed to manage cardiovascular conditions such as hypertension, angina, and arrhythmias. Its structural features allow for effective binding to adrenergic receptors, making it valuable in developing compounds with targeted physiological effects. Additionally, it serves in the preparation of chiral building blocks for fine chemicals and active pharmaceutical ingredients (APIs), where stereochemistry plays a critical role in drug efficacy and safety.