This compound is primarily utilized in the development of beta-blockers, which are medications designed to manage cardiovascular conditions. It plays a key role in targeting beta-adrenergic receptors, helping to regulate heart rate and blood pressure. Its structural properties make it effective in treating hypertension, angina, and certain arrhythmias. Additionally, it is studied for its potential in reducing the risk of heart attacks and improving survival rates in patients with heart failure. Its application extends to research in pharmacology for exploring new therapeutic agents with improved efficacy and safety profiles.