Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its amine and alcohol functional groups allow for versatile reactivity, making it suitable for use in the development of active pharmaceutical ingredients (APIs) where it can serve as a building block for more complex molecules. It is also employed in the synthesis of specialty amines and as a reagent in catalytic transformations. Due to its structural features, it may find use in the design of ligands for metal-catalyzed reactions.