Used as a building block in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its dual functionality—amine and hydroxyl groups—makes it valuable for creating intermediates in drug development, including antimicrobial agents and bioactive molecules. Also employed in the synthesis of polymers and surfactants due to its ability to link hydrophilic and hydrophobic components. Additionally, it serves as a precursor in the production of specialty amines used in agrochemicals and coating additives.