Used primarily as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals. It serves as a key intermediate in the synthesis of enantiomerically pure compounds, which are crucial for developing drugs with specific biological activities. Its methoxy and amine functional groups make it versatile for creating complex molecules, often in the synthesis of beta-blockers and other cardiovascular medications. Additionally, it is employed in asymmetric catalysis to enhance the efficiency and selectivity of chemical reactions. Its role in fine chemical manufacturing underscores its importance in producing high-purity, biologically active substances.