This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of more complex molecules. Its structure, featuring a chiral center and functional groups like the carbamate and hydroxyl, makes it valuable for developing enantiomerically pure drugs. It is often employed in the production of β-blockers, which are medications used to manage cardiovascular conditions such as hypertension and arrhythmias. Additionally, its chlorophenyl group contributes to its role in creating compounds with potential biological activity, including anti-inflammatory or antimicrobial agents. The tert-butyl group enhances stability, making it suitable for use in multi-step synthetic processes.