Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers and other cardiovascular drugs. Its structure allows for the introduction of benzylamino and chlorohydrin functionalities, which are valuable in building complex molecules with biological activity. Commonly employed in organic synthesis to construct chiral centers through selective transformations. Also utilized in the development of adrenergic receptor antagonists due to its ability to mimic structural elements of natural neurotransmitters.