Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of local anesthetics and other bioactive molecules. Its structure allows for easy modification in organic synthesis, making it valuable in creating ester and amide derivatives. Commonly employed in research settings for constructing more complex molecules, especially in medicinal chemistry projects targeting central nervous system agents. Also utilized in the preparation of prodrugs due to the presence of the benzyl ester group, which can improve membrane permeability and be cleaved enzymatically in vivo.