Used as a key intermediate in organic synthesis, particularly in click chemistry reactions due to the azide group. It participates in copper-catalyzed azide-alkyne cycloaddition (CuAAC) to form triazole derivatives, which are important in pharmaceutical and agrochemical research. Employed in the preparation of peptidomimetics and functionalized polymers. Its ester group allows for further derivatization, making it valuable in building complex molecules for drug discovery and bioconjugation applications.