Used primarily as an intermediate in organic synthesis, this compound plays a role in the preparation of pharmaceuticals and agrochemicals. Its amide functional group allows it to participate in peptide coupling reactions, making it valuable in the development of bioactive molecules. It is also employed in the synthesis of specialty polymers and surfactants due to its ability to modify solubility and stability in chemical formulations. In research settings, it serves as a building block for studying reaction mechanisms involving amide bonds.