Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly in the production of local anesthetics and analgesics. Its structure supports the development of agents that modulate nerve signal transmission, making it valuable in pain management drugs. The compound’s solubility and stability as a diacetate salt enhance its utility in formulation development for injectable or topical preparations. It is also employed in research settings to explore new bioactive molecules with improved efficacy and reduced side effects.