This compound is widely used in the synthesis of complex organic molecules, particularly in the pharmaceutical industry, where it serves as a key intermediate for the production of various drugs. Its structure, featuring amino and ethoxy groups, makes it valuable in the development of biologically active compounds, including those with potential therapeutic applications. It is also employed in the preparation of chelating agents, which are useful in binding metal ions for applications in medical imaging and environmental remediation. Additionally, its water-soluble properties make it suitable for use in biochemical research, particularly in the modification of peptides and proteins to enhance their stability or functionality.