This compound is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both an amino group and a carboxylate ester, makes it a versatile building block for creating more complex compounds, particularly those targeting therapeutic applications. It is often employed in the design and synthesis of benzimidazole derivatives, which are known for their wide range of pharmacological activities, including antimicrobial, antiviral, and anticancer properties. Additionally, its role in the development of novel drug candidates highlights its importance in medicinal chemistry, where it contributes to the discovery of new treatments for various diseases.