This chemical is primarily used as an intermediate in the synthesis of more complex organic compounds, particularly in the pharmaceutical industry. It plays a role in the development of certain drugs, including those with potential therapeutic applications such as anti-inflammatory or analgesic properties. Additionally, it may be utilized in research settings for studying chemical reactions and mechanisms involving amide and carboxylic acid functional groups. Its structure allows for further derivatization, making it valuable in the creation of novel compounds for various industrial and medical purposes.