Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the synthesis of peptide-like structures and bioactive molecules. Its benzamido group makes it a useful building block for creating compounds with potential therapeutic properties, such as enzyme inhibitors or receptor modulators. Additionally, it finds application in the development of fine chemicals and specialty materials, where its ester functionality allows for further chemical modifications. Researchers also utilize it in studies exploring new drug candidates and their mechanisms of action.