Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of analgesic and anti-inflammatory agents. It serves as a building block for heterocyclic compounds due to the presence of both amine and ester functionalities, enabling cyclization reactions to form pyrazoles, pyrimidines, and other bioactive ring systems. Also employed in the development of dyes and functional materials where conjugated carbonyl systems are required. Its reactivity allows for easy modification in multi-step organic syntheses, making it valuable in medicinal chemistry research.