Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the production of local anesthetics and antihistamines. Its structure allows for easy modification to form active ingredients in drug development. Also serves as a building block in organic synthesis due to its reactive amine and hydroxyl groups, enabling the formation of esters, ethers, and nitrogen-containing heterocycles. Employed in the preparation of specialty surfactants and corrosion inhibitors in industrial applications.