This compound is primarily utilized in the field of medicinal chemistry and pharmacology as a chiral intermediate or building block in the synthesis of more complex molecules. Its structure, featuring both aromatic and amino alcohol functional groups, makes it valuable for developing enantioselective drugs, particularly those targeting neurological or cardiovascular systems. The nitro group enhances its reactivity, enabling further chemical modifications to create potential therapeutic agents. Additionally, it may be used in research to study receptor-ligand interactions due to its ability to mimic certain biologically active molecules. Its chiral nature also makes it relevant in asymmetric synthesis, contributing to the production of optically pure pharmaceuticals.