Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its bromine group allows for easy substitution reactions, making it useful in creating intermediates for drugs, agrochemicals, and specialty materials. Commonly employed in asymmetric synthesis due to its stereochemistry, enabling the development of enantiomerically pure compounds. Also utilized in the preparation of beta-blockers and other bioactive molecules where stereochemistry plays a critical role in activity.