This compound is primarily used in the pharmaceutical industry as a chiral building block for the synthesis of various drugs. Its stereochemistry makes it valuable in creating enantiomerically pure compounds, which are crucial for developing medications with specific biological activities. It is often employed in the production of beta-blockers, which are used to treat cardiovascular conditions like hypertension and arrhythmias. Additionally, it serves as an intermediate in the synthesis of other bioactive molecules, including those targeting neurological disorders. Its hydrochloride form enhances stability and solubility, making it suitable for use in various formulation processes.