Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it finds application in research and development for creating novel compounds with potential biological activity. Its versatility in chemical reactions, such as ester hydrolysis and nitrile transformations, makes it a useful building block in various industrial processes.