Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and specialty chemicals. Its structure allows for functionalization in the development of active pharmaceutical ingredients (APIs), especially in compounds targeting the central nervous system. Commonly employed in the synthesis of local anesthetics and other bioactive molecules due to its amine and alcohol functionalities, which facilitate salt formation and improved solubility. Also utilized in the preparation of surfactants and corrosion inhibitors in industrial applications.