This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the preparation of more complex molecules. Its structure, featuring both an ester and an amine functional group, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. It is also employed in the creation of dyes and pigments, where its amine group can participate in reactions to form colorful derivatives. Additionally, it finds use in research settings for studying reaction mechanisms and developing new synthetic methodologies.