Used in the synthesis of pharmaceutical intermediates, particularly in the development of anti-inflammatory and analgesic agents. It serves as a building block in organic synthesis due to the presence of both amino and hydroxyl functional groups, enabling diverse derivatization reactions. Commonly employed in the preparation of heterocyclic compounds such as benzoxazoles and quinazolines, which are important scaffolds in medicinal chemistry. Also utilized in the dye industry for the production of azo dyes, where it acts as a coupling component to yield colored compounds with good light and wash fastness. Its ester group facilitates solubility and reactivity in various reaction conditions, making it suitable for use in multi-step synthetic routes.