Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and receptor modulators. Its structure supports the creation of bioactive molecules due to the presence of both tertiary amine and hydroxyl functional groups, which enhance binding and solubility properties. Commonly employed in the preparation of antipsychotics, antidepressants, and antihistamines. Also utilized in the production of agrochemicals and specialty chemicals where amine functionality is required for biological activity.