This chemical is primarily used in the synthesis of pharmaceuticals, particularly in the production of local anesthetics. It serves as a key intermediate in the preparation of compounds like lidocaine, which are widely used for numbing specific areas of the body during medical procedures. Additionally, it finds application in the development of other therapeutic agents due to its role in modifying chemical structures to enhance drug efficacy and stability. In research, it is utilized as a reagent in organic synthesis to introduce specific functional groups into molecules. Its properties also make it useful in the formulation of certain industrial chemicals, where it acts as a stabilizer or catalyst in various reactions.