This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting neurological and cardiovascular conditions, such as antiarrhythmic agents. Its structure, featuring amino, methoxy, and ester functional groups, makes it a valuable precursor in the production of active pharmaceutical ingredients (APIs) that exhibit therapeutic effects. Additionally, it is employed in organic synthesis for creating complex molecules used in medicinal chemistry research. In research laboratories, it is often used as a reagent in various chemical reactions to study reaction mechanisms and develop new synthetic pathways.