Used primarily in the synthesis of various pharmaceuticals, this compound serves as a key intermediate in the production of active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, due to its structural properties that allow for effective interaction with biological targets. Additionally, it finds application in the creation of dyes and pigments, where its amino and hydroxyl groups contribute to the formation of complex colorants. In research settings, it is utilized in organic synthesis to explore new chemical reactions and pathways, aiding in the discovery of novel compounds with potential therapeutic or industrial uses.