This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting the central nervous system. It serves as a key intermediate in the production of beta-blockers, which are widely prescribed for managing hypertension, arrhythmias, and other cardiovascular conditions. Additionally, its structure is valuable in the development of adrenergic receptor agonists and antagonists, contributing to treatments for conditions like asthma, glaucoma, and anxiety disorders. Its methoxy group enhances its binding affinity to specific receptors, making it a versatile building block in medicinal chemistry. Researchers also explore its potential in designing novel compounds for neurological and psychiatric applications, including depression and Parkinson’s disease.