Used as an intermediate in organic synthesis, particularly in pharmaceutical and agrochemical manufacturing. It serves as a building block for the preparation of biologically active compounds due to its amine and ester functionalities. Commonly employed in the development of drugs targeting neurological and metabolic disorders. Also utilized in the synthesis of specialty polymers and as a reagent in catalytic reactions. Its lipophilic nature enhances cell membrane permeability, making it valuable in prodrug design.