Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of antidiabetic and antihypertensive drugs. Its structure allows for easy functionalization, making it valuable in constructing heterocyclic compounds such as pyrazoles and isoxazoles. Commonly employed in medicinal chemistry for building complex molecules due to the reactivity of the cyano and ester groups. Also utilized in agrochemical research for designing bioactive molecules with pesticidal or herbicidal activity.