Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antihypertensive and cardiovascular drugs. It serves as a building block in the preparation of dihydropyrimidine derivatives, which are known for their calcium channel blocking activity. Also employed in the production of agrochemicals and functional materials due to its ability to form stable complexes with metal ions. Its hydroxyl and nitrogen-containing structure makes it suitable for use in coordination chemistry and catalyst design.