Used as an intermediate in the synthesis of nylon-8,8, this compound plays a key role in producing polyamides with balanced mechanical and thermal properties. Its amino and ester functional groups allow it to react with dicarboxylic acids, enabling polymerization for specialty plastics. It is also employed in the preparation of corrosion inhibitors and surfactants due to its amphiphilic structure. In research, it serves as a building block for bioactive molecules and functionalized polymers, particularly in controlled drug delivery systems where biodegradable linkages are required.