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 a chiral center and aromatic moiety, makes it valuable in the development of enantiomerically pure drugs, particularly those targeting the central nervous system. It is often employed in the production of beta-blockers and other cardiovascular medications, where the (R)-enantiomer is crucial for achieving the desired therapeutic effect. Additionally, it can serve as an intermediate in the synthesis of compounds with potential anti-inflammatory or analgesic properties. Its hydrochloride salt form enhances stability and solubility, facilitating its use in drug formulation and research processes.