This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its versatile reactive sites. The presence of the cyano group and the ester functionality allows it to serve as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of fluorinated compounds, which are often sought after for their enhanced stability and bioavailability in drug molecules. Additionally, its structure makes it suitable for use in organic synthesis, where it can undergo transformations such as hydrolysis, reduction, or nucleophilic substitution to yield more complex chemical entities. Its applications also extend to material science, where it can be incorporated into polymers or coatings to impart specific properties like resistance to degradation or improved performance under harsh conditions.