Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors and anti-inflammatory compounds. Its structure supports the construction of heterocyclic systems common in drug design. It is also employed in agrochemical research for creating novel pesticides and herbicides due to its ability to interact with biological targets in pests and weeds. The compound's amine and ester functionalities allow for easy modification, making it valuable in combinatorial chemistry and high-throughput screening for new bioactive molecules.