This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of drugs and active pharmaceutical ingredients (APIs). Its structure, featuring amino and ethoxy groups, makes it suitable for creating complex molecules with specific biological activities.

In drug development, it is often employed to modify the solubility and bioavailability of therapeutic agents. Its ability to form stable bonds with other molecules allows for the creation of prodrugs, which can enhance drug delivery and efficacy. Additionally, it is used in the preparation of polymers and surfactants, contributing to the development of advanced materials with tailored properties.

In research, this compound is valuable for studying biochemical pathways and designing novel compounds with potential therapeutic applications. Its versatility and reactivity make it a useful tool in organic synthesis and material science.