This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological and psychiatric disorders, particularly as a precursor in the production of compounds with potential antidepressant or anxiolytic properties. Additionally, it is employed in organic synthesis for constructing complex molecules due to its reactive amino and ester functional groups. Its application extends to research laboratories where it is used to study chemical reactions and develop novel therapeutic agents.