This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and organic compounds. Its structure, featuring both amino and hydroxyl groups, makes it suitable for developing active pharmaceutical ingredients (APIs), particularly those targeting the central nervous system or cardiovascular system. Additionally, it finds application in the production of surfactants and emulsifiers due to its amphiphilic nature, which allows it to stabilize mixtures of oil and water. In industrial settings, it is employed in the formulation of specialty chemicals, including corrosion inhibitors and coatings, where its properties enhance performance and durability. Its versatility also extends to research and development, where it serves as a building block for creating novel compounds with potential therapeutic or industrial uses.