This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the production of β-blockers, a class of drugs commonly prescribed for managing cardiovascular conditions such as hypertension, arrhythmias, and angina. Its chiral structure is particularly valuable in creating enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in research and development for designing novel therapeutic agents targeting adrenergic receptors. Its application extends to organic synthesis, where it serves as a building block for complex molecules in medicinal chemistry.