This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). Its structure, featuring both amino and hydroxyl groups, makes it a versatile building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic applications. It is often employed in the preparation of compounds with anti-inflammatory, analgesic, or antimicrobial properties. Additionally, its ester group provides stability and reactivity, making it suitable for use in controlled-release drug formulations. In research settings, it serves as a precursor for studying structure-activity relationships in drug design, contributing to the development of novel medications.