Used primarily in the synthesis of pharmaceutical intermediates, this compound serves as a chiral building block in the development of bioactive molecules. Its stereochemistry makes it valuable in the preparation of selective adrenergic receptor agonists and antagonists. It is also employed in the research and development of central nervous system (CNS) active agents, particularly those targeting mood and neurological disorders. Due to the presence of both amine and alcohol functional groups in a constrained ring system, it facilitates the design of conformationally restricted analogs in medicinal chemistry programs.