Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals and agrochemicals. Its structure allows for modification into bioactive molecules, particularly in the creation of local anesthetics and anti-inflammatory agents. It is also employed in research settings to study amide reactivity and conformational behavior in medicinal chemistry. Due to its lipophilic nature, it can enhance membrane permeability in drug design, making it valuable in optimizing pharmacokinetic properties of new chemical entities.