This compound is primarily utilized in organic synthesis as a chiral building block for the preparation of more complex molecules. Its structure, featuring a nitro group and a hydroxyl group, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of enantiomerically pure drugs. It can serve as an intermediate in the production of β-blockers, which are used to treat cardiovascular conditions. Additionally, it is employed in research settings to study stereoselective reactions and to develop novel catalytic processes. Its nitro group also makes it a potential candidate for use in the synthesis of dyes and other nitro-aromatic compounds.