Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and fine chemicals. Its structure, featuring both an amino and ester functional group, makes it versatile for constructing complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of drugs targeting neurological and cardiovascular conditions. Additionally, it serves as a building block in the preparation of specialty chemicals used in research and industrial applications. Its stability and reactivity under various conditions make it a valuable component in multi-step synthetic processes.