This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure, featuring a benzyloxy group and a nitrile moiety, makes it valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is often employed in the synthesis of compounds with potential therapeutic applications, such as anti-inflammatory or central nervous system-targeting drugs. Additionally, its reactivity allows for further functionalization, enabling researchers to explore diverse chemical modifications for drug discovery and development.