Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a building block in the development of bioactive molecules due to its amide and aromatic functionalities, which can undergo further transformations such as reduction, hydrolysis, or condensation reactions. Its structure allows for the introduction of both aliphatic and aromatic components into more complex systems, making it valuable in medicinal chemistry for designing drug candidates with specific targeting properties.