Used as an intermediate in the synthesis of dyes and pigments, particularly in the production of azo dyes. It also serves in the preparation of certain pharmaceuticals where nitro and amino functional groups are required for further chemical transformations. Its hydroxyl and amino groups allow for derivatization in organic synthesis, making it useful in developing compounds for research in medicinal chemistry. Additionally, it may be employed in the development of specialty polymers and agrochemicals due to its reactive sites and structural properties.