This chemical is primarily utilized in organic synthesis as an intermediate for the preparation of various pharmaceutical compounds. Its structure, featuring both an amino and a hydroxyl group, makes it a versatile building block for the development of drugs, particularly those targeting neurological and cardiovascular conditions. Additionally, it is employed in the synthesis of ligands for metal coordination complexes, which are used in catalysis and material science. Its role in creating specialized polymers and surfactants also highlights its importance in industrial applications.