Used in the synthesis of various pharmaceuticals, particularly those targeting cardiovascular and neurological disorders. It serves as a key intermediate in the production of dopamine agonists, which are essential for treating conditions like Parkinson's disease. Additionally, it is employed in the development of antioxidants due to its phenolic structure, which helps in scavenging free radicals and protecting cells from oxidative stress. In research, it is utilized to study biochemical pathways related to catecholamines, aiding in the understanding of their role in the human body. Its derivatives are also explored for potential anti-inflammatory and anticancer properties.