Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of various pharmaceuticals. It is particularly valuable in the development of antihistamines and other therapeutic agents due to its structural properties. Additionally, it finds application in the synthesis of dyes and pigments, where its amino and hydroxyl groups contribute to the formation of complex colorants. In research settings, it is utilized for studying reaction mechanisms and developing new synthetic pathways. Its versatility makes it a crucial component in both industrial and academic chemistry.