This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of beta-blockers, which are medications used to manage cardiovascular conditions like hypertension and arrhythmias. Its chiral structure makes it valuable for creating enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it serves as a key intermediate in organic synthesis, contributing to the production of various bioactive molecules and fine chemicals. Its methoxy group enhances its reactivity and selectivity in chemical reactions, making it a versatile building block in medicinal chemistry.