This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals, particularly in the production of beta-blockers. Beta-blockers are a class of drugs that are widely prescribed to manage cardiovascular conditions such as hypertension, arrhythmias, and angina. The compound's chiral structure is crucial for its effectiveness, as it allows for the creation of enantiomerically pure drugs, which often have better efficacy and fewer side effects. Additionally, it may be utilized in research and development for designing new therapeutic agents targeting adrenergic receptors. Its role in the synthesis of optically active compounds makes it valuable in the pharmaceutical industry for creating highly specific and potent medications.