Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) where its acetyl and methylamino groups facilitate specific chemical reactions. Additionally, it finds application in the creation of specialized polymers and coatings, where its unique structure contributes to desired material properties. In research, it is employed as a building block for synthesizing complex molecules, aiding in the study of chemical interactions and reaction mechanisms.