Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidiabetic and antihypertensive drugs. It serves as a building block in organic reactions where the amino and hydroxyl functional groups allow for further chemical modifications. Commonly employed in the development of kinase inhibitors and other bioactive molecules due to its ability to form stable ring structures when condensed with suitable reagents. Also utilized in research settings for designing novel compounds with potential therapeutic activity.