Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological and cardiovascular conditions. Its structure allows for easy modification, making it valuable in creating biologically active molecules. Commonly employed in the production of nicotinamide adenine dinucleotide (NAD)-related compounds and enzyme inhibitors. Also utilized in agrochemicals for the development of plant growth regulators and pesticides. Its amino and hydroxymethyl functional groups enable coupling reactions in organic synthesis, especially in the formation of heterocyclic compounds for drug discovery.