This compound is primarily used in the synthesis of pharmaceuticals, particularly in the production of beta-blockers, which are medications that help manage cardiovascular conditions like hypertension and arrhythmias. Its structure allows it to act as an intermediate in the creation of active pharmaceutical ingredients (APIs) that target adrenergic receptors. Additionally, it finds applications in organic chemistry research as a building block for more complex molecules, aiding in the development of new drugs and therapeutic agents. Its properties make it valuable in fine chemical manufacturing, where precision and reactivity are essential.