Used as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds. It serves in the preparation of sulfonamide-based drugs, which exhibit antimicrobial and anti-inflammatory properties. Also employed in the modification of polymers to enhance solubility and biocompatibility, making it useful in drug delivery systems. Its hydroxyl group allows for further functionalization, enabling its use in crosslinking reactions and the creation of specialty chemicals for research and industrial applications.