Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antitumor agents and kinase inhibitors. It serves as a building block in medicinal chemistry due to the presence of both amino and ester functionalities, which allow for further derivatization. Commonly employed in the preparation of complex molecules where a substituted benzoyl scaffold is required. Its benzyloxy group can be easily deprotected to yield phenolic compounds, making it valuable in multi-step organic syntheses. Also utilized in research settings for the design of bioactive compounds targeting specific enzymes and receptors.