This compound is primarily utilized in the pharmaceutical industry as a beta-blocker, specifically targeting cardiovascular conditions. It is effective in managing hypertension by reducing heart rate and blood pressure, thereby decreasing the workload on the heart. Additionally, it is used in the treatment of arrhythmias to stabilize irregular heartbeats and in the prevention of angina attacks by improving blood flow to the heart. Its ability to block beta-adrenergic receptors makes it a valuable therapeutic agent in managing these conditions.