Used in organic synthesis as a building block for pharmaceuticals and bioactive compounds. Serves as an intermediate in the preparation of antioxidants and tyrosinase inhibitors. Applied in research for neurotransmitter analogs due to structural similarity to dopamine. Also utilized in the development of fluorescent probes and sensors owing to its phenolic and amine functional groups. Stable under standard conditions, making it suitable for use in various laboratory-scale reactions and biochemical studies.