This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceutical agents, particularly in the synthesis of molecules with potential therapeutic properties. Its structure, containing both an amino and an ester functional group, makes it versatile for reactions such as amide bond formation, which is crucial in peptide synthesis. Additionally, it can be used in the preparation of dyes, pigments, and other specialty chemicals where the incorporation of aromatic and amino groups is required. Its role in research and development is significant, particularly in the exploration of new drug candidates and bioactive molecules.