This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological and cardiovascular conditions. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that exhibit vasodilatory and neuroprotective properties. Additionally, it is employed in research settings for the creation of novel therapeutic agents, especially those focusing on oxidative stress-related disorders. Its role in organic synthesis also extends to the preparation of fine chemicals and specialty compounds used in advanced material science. This utility arises from its chemical structure, which features both amino and hydroxyl groups that provide potential for biological activity.