Used primarily as an intermediate in organic synthesis, this compound is key in producing various pharmaceuticals, agrochemicals, and specialty chemicals. It is often employed in the preparation of compounds like beta-blockers, which are crucial in managing cardiovascular diseases. Additionally, it serves as a building block in the synthesis of silane coupling agents, which enhance the adhesion between organic and inorganic materials in coatings, adhesives, and composites. Its reactivity with other chemicals makes it valuable in creating functionalized polymers and resins, contributing to advancements in material science.