Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. Its structure allows for the introduction of amine functionality into larger molecules, making it valuable in creating bioactive compounds. Commonly employed in medicinal chemistry for constructing peptidomimetics and receptor ligands. Also utilized in the preparation of prodrugs due to the ester and amine groups, which can be modified to improve drug delivery and bioavailability.