This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both amide and ester functional groups, makes it a versatile building block in the synthesis of complex molecules. It is often employed in the development of bioactive compounds, including potential drug candidates, due to its ability to participate in diverse chemical reactions such as condensation, cyclization, and nucleophilic substitution. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for their therapeutic properties. Its application extends to research laboratories, where it is used to study reaction mechanisms and develop new synthetic methodologies.