Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and analgesics. Its structure allows for easy modification to form active drug compounds, especially those targeting pain relief and neurological disorders. Commonly employed in research settings to build more complex molecules due to the presence of both ester and aminomethyl functional groups, which facilitate coupling reactions and salt formation. Also utilized in the preparation of prodrugs where controlled release of the active moiety is required.