This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of beta-blockers, which are medications used to manage cardiovascular conditions such as hypertension, angina, and arrhythmias. Its chiral structure is critical for producing enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it serves as an intermediate in organic synthesis, contributing to the creation of complex molecules in medicinal chemistry. Its application extends to research and development, where it is used to study stereochemistry and optimize drug formulations.