This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological disorders. Its structure, which includes both amino and hydroxyl groups, makes it a versatile building block for creating molecules that interact with specific receptors in the brain. Additionally, it has been explored for its potential in developing treatments for conditions like epilepsy and depression due to its ability to modulate neurotransmitter activity. Research also suggests its application in designing compounds with anti-inflammatory and antioxidant properties, which could be beneficial in treating chronic diseases.