This compound is widely used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It serves as a key building block in the synthesis of complex molecules, particularly in the development of active pharmaceutical ingredients (APIs) and agrochemicals. Its ester functional groups make it versatile for further chemical modifications, such as hydrolysis, reduction, or coupling reactions. Additionally, it is employed in research and development for creating novel compounds with potential biological activities. Its application extends to the field of material science, where it is used in the preparation of specialty polymers and coatings.