This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as an intermediate in the development of various bioactive molecules, particularly those targeting anti-inflammatory and antioxidant properties. Its structure, featuring both hydroxy and amino groups, makes it a valuable precursor for designing drugs that can interact with biological systems effectively. Additionally, it is explored in the synthesis of novel compounds for potential use in treating oxidative stress-related disorders. Researchers also investigate its application in the development of advanced materials, such as polymers or coatings, due to its ability to form stable and functionalized structures.