Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals, dyes, and agrochemicals. Its amine and ester functional groups allow for diverse chemical transformations, making it valuable in constructing complex molecules. It is often employed in the development of local anesthetics and anti-inflammatory agents. Additionally, it serves as a building block in the synthesis of certain heterocyclic compounds used in medicinal chemistry and material science.