Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals. It plays a role in the development of analgesic and anti-inflammatory drugs due to its structural similarity to para-aminobenzoic acid derivatives. Commonly employed in the synthesis of local anesthetics and other bioactive molecules where ester and amide functionalities are required. Its solubility and stability make it suitable for use in multi-step reactions, including hydrolysis, reduction, and coupling reactions in drug discovery and development.