This chemical is commonly used in organic synthesis as a building block for the preparation of various pharmaceutical compounds. It serves as an intermediate in the production of drugs, particularly those targeting the central nervous system, due to its ability to modify biological activity. Additionally, it is utilized in the development of surfactants and emulsifiers, contributing to the stabilization of mixtures in industrial applications. Its benzyloxy group acts as a protecting group for the hydroxy functionality, enabling selective reactions at the amine group during complex chemical syntheses and ensuring precise transformations in multi-step processes.