Phenanthren-3-ol is utilized in various research and industrial applications due to its unique chemical structure. It is often employed in organic synthesis as a building block for creating more complex molecules, particularly in the development of pharmaceuticals. Its structure is studied for potential biological activities, including anti-inflammatory and anticancer properties, making it a candidate for drug discovery. Additionally, it is used in the production of dyes and pigments, where its aromatic properties contribute to color stability and intensity. In environmental studies, Phenanthren-3-ol serves as a model compound to understand the behavior and degradation of polycyclic aromatic hydrocarbons (PAHs) in ecosystems.