Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules and functional polymers. Its amine and hydroxyl groups allow for versatile chemical modifications, making it valuable in creating chelating agents, surfactants, and specialty additives. It is also employed in the preparation of crosslinking agents for resins and coatings, enhancing durability and thermal stability. Additionally, it finds use in the design of ligands for catalytic processes and in the formulation of corrosion inhibitors.