Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting central nervous system disorders. It serves as a building block in the preparation of heterocyclic compounds, including benzoxazoles and benzimidazoles, which are common scaffolds in medicinal chemistry. Also applied in the development of dyes and pigments due to its aromatic structure and functional group reactivity. Its hydroxyl and amino groups allow for easy modification in multi-step organic syntheses, making it valuable in research and industrial settings for creating bioactive molecules.