Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of central nervous system agents and antidepressants. Its amine and alcohol functional groups allow for versatile chemical modifications, making it valuable in creating active pharmaceutical ingredients. It also serves in the production of dyes and specialty polymers where aromatic amines are required. Due to its structural features, it is employed in research settings for designing novel bioactive molecules and in the preparation of fluorescent probes and imaging agents.