Step 1: Identify the principal functional group.
The compound contains:
\[
-OH,\quad -NH_2,\quad -CH_3
\]
Among these,
\[
-OH
\]
has highest priority.
Therefore, the parent compound is:
Phenol
Step 2: Number the benzene ring.
The carbon attached to
\[
-OH
\]
is numbered as:
\[
1
\]
Now numbering is done to give lowest locants to substituents.
The amino group is at:
\[
3^{rd}
\]
position and methyl group is at:
\[
5^{th}
\]
position.
Step 3: Arrange substituents alphabetically.
Substituents are:
Amino
and
Methyl
Alphabetically,
Amino
comes before
Methyl
Hence the name becomes:
\[
3\text{-Amino-}5\text{-methylphenol}
\]
Step 4: Final conclusion.
Therefore, the correct IUPAC name is
\[
\boxed{3\text{-Amino-}5\text{-methylphenol}}
\]