What are the main uses of 4-(2-Hydroxyethyl)phenol (CAS: 501-94-0)?

4-(2-Hydroxyethyl)phenol is widely used in pharmaceuticals as a building block for drug development. It also finds applications in industrial processes, such as the production of resins and dyes. Additionally, it is used in food additives and research settings for chemical synthesis and analysis. Its versatility makes it a valuable compound in multiple fields.