Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological and psychiatric disorders. It serves as a building block for active pharmaceutical ingredients due to its amine and phenolic functional groups, which allow for easy modification and incorporation into complex molecules. Also employed in the preparation of specialty resins and polymers where thermal stability and reactivity are required. Its structure supports use in agrochemicals for the creation of novel plant growth regulators and pesticides. Additionally, it finds application in research settings for the design of new bioactive compounds and in the development of diagnostic agents.