Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows for the introduction of benzylamino and ester functionalities, making it valuable in the development of bioactive molecules. Commonly employed in the preparation of local anesthetics and muscle relaxants due to its ability to mimic ester-containing neurotransmitters. Also utilized in the synthesis of novel compounds for medicinal chemistry research, including those targeting central nervous system disorders. The compound's reactivity and solubility profile make it suitable for solution-phase synthesis and parallel reaction screening.