This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly those targeting cardiovascular and neurological disorders. It serves as a key intermediate in the production of beta-blockers, which are medications used to manage high blood pressure, arrhythmias, and other heart-related conditions. Additionally, its structure makes it valuable in the development of chiral drugs, where stereochemistry plays a critical role in efficacy and safety. The compound’s dimethoxy groups enhance its binding affinity to specific receptors, making it useful in research focused on developing treatments for conditions like anxiety and depression. Its application extends to organic synthesis, where it is employed to create complex molecules with potential therapeutic benefits.