Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of local anesthetics and anti-inflammatory agents. It serves as a building block in organic reactions where the amino and ester functional groups allow for further chemical modifications. Commonly employed in the development of heterocyclic compounds, especially in the formation of benzoxazole and quinazoline derivatives, which are important in medicinal chemistry. Also utilized in research settings for designing new bioactive molecules and in the preparation of dyes and specialty chemicals due to its aromatic and electron-donating methoxy group.