This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often exploited in the design of compounds with potential anti-inflammatory, analgesic, or anti-cancer properties. Additionally, it is used in organic synthesis to create complex heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. The presence of both amino and ester functional groups makes it a versatile building block for further chemical modifications.