Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and analgesics. It serves as a building block for bioactive molecules due to the presence of both amine and phenolic functional groups, which allow for diverse chemical modifications. Commonly employed in the preparation of Schiff bases and other derivatives with potential antimicrobial or anti-inflammatory activity. Also utilized in research settings for the development of novel organic compounds and in the design of ligands for metal-catalyzed reactions.