I think what you're looking for is @apply. This could be one of the things you can combine mostly used combination of classes and create a new class.

<!-- Before extracting a custom class -->
<button class="py-2 px-5 bg-violet-500 text-white font-semibold rounded-full shadow-md hover:bg-violet-700 focus:outline-none focus:ring focus:ring-violet-400 focus:ring-opacity-75">
  Save changes
</button>

<!-- After extracting a custom class -->
<button class="btn-primary">
  Save changes
</button>

@tailwind base;
@tailwind components;
@tailwind utilities;

@layer components {
  .btn-primary {
    @apply py-2 px-5 bg-violet-500 text-white font-semibold rounded-full shadow-md hover:bg-violet-700 focus:outline-none focus:ring focus:ring-violet-400 focus:ring-opacity-75;
  }
}

For more info reusing styles.

Hope, this helps.