Used as an intermediate in the synthesis of pharmaceuticals and biologically active compounds. Its structure supports the development of agents targeting central nervous system disorders due to the presence of both phenolic and amine functionalities. Commonly employed in the preparation of benzoxazine derivatives, which show potential as antimicrobial and anti-inflammatory agents. Also utilized in the design of novel receptor ligands for neurological research. Its bifunctional nature allows for easy modification and incorporation into more complex molecules for drug discovery.