This chemical is primarily used in the synthesis of pharmaceuticals, particularly in the development of beta-blockers, which are medications that help manage conditions like high blood pressure, heart arrhythmias, and anxiety. Its structure, featuring both an amino and a hydroxyl group, makes it a versatile intermediate in organic synthesis. Additionally, it is employed in research settings to study receptor interactions and develop new therapeutic agents targeting the cardiovascular and nervous systems. Its bromophenyl group also allows for further functionalization, enabling the creation of complex molecules for drug discovery and development.