Used in the synthesis of pharmaceutical intermediates, particularly in the development of central nervous system agents and cardiovascular drugs. Acts as a building block in organic synthesis due to the presence of both amine and alcohol functional groups, enabling diverse chemical modifications. Employed in the preparation of receptor ligands and enzyme inhibitors. Also utilized in the design of compounds with potential antihypertensive and antiarrhythmic activities. Its structure supports use in medicinal chemistry for optimizing drug candidates through molecular hybridization.