This compound is primarily used in the synthesis of dyes and pigments due to its ability to form stable complexes with various metal ions, enhancing colorfastness and durability in textile and industrial applications. It also serves as an intermediate in the production of pharmaceuticals, particularly in the development of drugs that require a benzoic acid derivative for their active structures. Additionally, it finds use in analytical chemistry as a reagent for detecting and quantifying specific metal ions in solution. Its carboxyl and amino functional groups make it a versatile component in organic synthesis, enabling the creation of more complex molecules for research and industrial purposes.