This compound is primarily utilized in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring both an amino and a hydroxyl group, makes it a valuable intermediate in the production of enantiomerically pure drugs, particularly those targeting the central nervous system. It is often employed in the development of beta-blockers, which are used to manage cardiovascular conditions like hypertension and arrhythmias. Additionally, its chiral nature allows for the creation of more specific and effective therapeutic agents with reduced side effects. The compound’s application extends to research in organic chemistry, where it serves as a precursor in asymmetric synthesis and the study of stereoselective reactions.