Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of local anesthetics and antiarrhythmic drugs. It serves as a building block in organic synthesis due to the presence of both amino and hydroxyl functional groups, enabling diverse chemical modifications. Commonly employed in the development of active pharmaceutical ingredients (APIs) where an aromatic amine with a hydroxymethyl group is required. Also utilized in research settings for the preparation of novel bioactive compounds and in the creation of specialty chemicals for medical and industrial applications.