This compound is primarily utilized in the synthesis of chiral pharmaceuticals and fine chemicals due to its enantiomeric purity and structural properties. It serves as a key intermediate in the production of β-adrenergic receptor antagonists, which are widely used in treating cardiovascular diseases such as hypertension and arrhythmias. Additionally, its bromophenyl group makes it valuable in cross-coupling reactions, enabling the construction of complex organic molecules in medicinal chemistry. The compound is also employed in research for developing new asymmetric catalysts, enhancing the efficiency of stereoselective reactions.