Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves in the production of chiral compounds due to its stereocenter, making it valuable in asymmetric synthesis. Commonly employed in the preparation of beta-blockers and other bioactive molecules. Also utilized in the manufacture of fragrances and specialty solvents. Its reactivity allows for transformations such as nucleophilic substitution and oxidation, enabling diverse downstream applications in organic synthesis.