This chemical is primarily used in organic synthesis as a versatile building block for creating more complex molecules. Its azido group makes it valuable in click chemistry reactions, particularly in the formation of triazoles, which are useful in pharmaceuticals, materials science, and bioconjugation. The ester group allows for further functionalization, enabling its use in polymer chemistry and the development of specialty chemicals. Additionally, it serves as an intermediate in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to introduce azide functionality into target molecules.