Used primarily as an intermediate in the synthesis of various pharmaceuticals, particularly those targeting cardiovascular conditions. It plays a key role in the production of beta-blockers, which are medications that help manage high blood pressure, heart rhythm disorders, and other heart-related issues. Additionally, it is utilized in the development of certain agrochemicals, contributing to the formulation of herbicides and pesticides. Its properties make it valuable in organic synthesis, where it acts as a building block for more complex chemical compounds.