Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various drugs, including analgesics and antipyretics like paracetamol. It also finds application in the production of hair dyes and photographic developers, where it acts as a reducing agent. In the field of organic chemistry, it serves as a reagent for the preparation of other chemical compounds. Additionally, it is utilized in research laboratories for biochemical studies and as a precursor in the synthesis of more complex organic molecules.