This compound is primarily used in the pharmaceutical industry as a selective beta-1 adrenergic receptor antagonist. It is effective in managing cardiovascular conditions such as hypertension and angina by reducing heart rate and blood pressure. Its mechanism involves blocking the effects of adrenaline on the heart, which helps in decreasing the cardiac workload and oxygen demand. Additionally, it is sometimes utilized in the treatment of certain arrhythmias to stabilize heart rhythm. Due to its specific receptor targeting, it offers a favorable side effect profile compared to non-selective beta-blockers. It is also being researched for potential applications in anxiety and migraine management, leveraging its ability to modulate sympathetic nervous system activity.