Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a benzoic acid group and a nitrile group, makes it versatile for constructing complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) due to its ability to undergo reactions like esterification, amidation, and cyclization. Additionally, it finds utility in the synthesis of specialty chemicals and materials, including polymers and coatings, where its functional groups contribute to desired properties such as stability and reactivity.