Used in the synthesis of pharmaceutical intermediates, particularly in the development of beta-blockers and other cardiovascular drugs. Its epoxide group allows for ring-opening reactions, enabling the formation of complex amine derivatives. Commonly employed in organic synthesis to introduce functionalized side chains in active pharmaceutical ingredients (APIs). Also utilized in the preparation of specialty polymers and coatings due to its reactivity with amines and alcohols, facilitating cross-linking in epoxy resin systems.