Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of local anesthetics and antihistamines. It serves as a building block in organic synthesis due to its functional groups, enabling the formation of complex molecules. Also employed in the development of agrochemicals and specialty polymers. Its amine and alcohol functionalities make it useful in catalysis and as a solvent modifier in reaction systems. Additionally, it finds use in the preparation of surfactants and corrosion inhibitors.