This compound is primarily utilized in the synthesis of fine chemicals and pharmaceutical intermediates. It serves as a key building block in the development of active pharmaceutical ingredients (APIs), particularly in the production of compounds with potential analgesic or anti-inflammatory properties. Its structure, featuring both ester and amide functional groups, makes it versatile for further chemical modifications, enabling the creation of more complex molecules. Additionally, it is employed in organic research for studying reaction mechanisms and developing novel synthetic pathways. Its application extends to the field of material science, where it can be used in the preparation of specialty polymers or coatings with specific functional properties.