Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers and other cardiovascular drugs. It is also employed in the manufacture of surfactants and emulsifiers, which are essential in personal care products like shampoos and lotions. Additionally, it serves as a precursor in the creation of corrosion inhibitors, protecting metal surfaces in industrial applications. In the field of organic chemistry, it is utilized as a chiral building block for the development of complex molecules. Its applications extend to agrochemicals, where it is used in the formulation of pesticides and herbicides.