This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of chiral intermediates for active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable in the production of enantiomerically pure drugs, which are crucial for achieving desired therapeutic effects with minimal side effects. It is often employed in the preparation of beta-blockers, a class of drugs used to manage cardiovascular conditions such as hypertension and arrhythmias. Additionally, it serves as a building block in the synthesis of various biologically active molecules, including those with potential applications in central nervous system disorders. Its hydrochloride form enhances solubility, making it more suitable for use in aqueous-based reactions and formulations.