This compound is primarily used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring both amino and hydroxyl groups, makes it a valuable building block for the production of chiral drugs, particularly those targeting cardiovascular and neurological conditions. It is also employed in the development of beta-blockers, which are medications used to manage abnormal heart rhythms, high blood pressure, and other heart-related issues. Additionally, its chiral nature allows for the creation of enantiomerically pure compounds, enhancing the efficacy and reducing the side effects of the final drug products.