This compound is primarily utilized in the field of organic synthesis, serving as a key intermediate in the preparation of various pharmacologically active molecules. Its structure, featuring both amino and hydroxyl functional groups, makes it a versatile building block for constructing complex organic compounds. It is often employed in the synthesis of heterocyclic compounds, which are crucial in the development of drugs targeting neurological disorders, such as antidepressants and anxiolytics. Additionally, its potential chelating properties make it useful in the design of metal-organic frameworks (MOFs) and coordination polymers, which have applications in catalysis and material science. Researchers also explore its role in the development of fluorescent probes for biological imaging, leveraging its aromatic amine moiety for specific interactions with biomolecules.