Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals targeting neurological and cardiovascular diseases. Its structure supports the creation of molecules with enhanced solubility and binding affinity. Commonly employed in the preparation of ligands for receptors and enzymes due to the presence of both amine and hydroxyl functional groups, enabling cross-linking or conjugation in drug design. Also utilized in the production of specialty polymers and functional materials where controlled hydrophilicity and reactivity are required.