This chemical is primarily utilized as an intermediate in the synthesis of various pharmaceuticals and organic compounds. It plays a significant role in the production of beta-blockers, which are medications used to manage cardiovascular conditions such as hypertension, arrhythmias, and angina. Additionally, it is employed in the preparation of surfactants and emulsifiers, which are essential in the formulation of industrial and household cleaning products. Its application extends to the field of agrochemicals, where it is used in the development of pesticides and herbicides. The compound’s versatility also makes it valuable in organic synthesis for creating complex molecules in research and industrial settings.