Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It is employed in the production of active pharmaceutical ingredients (APIs) and other biologically active compounds. The compound is also utilized in the development of liquid crystal materials, which are essential for display technologies. Additionally, it serves as a building block in the synthesis of various organic molecules, including dyes and pigments. Its reactivity makes it valuable for introducing the cyanobenzyl group into more complex structures, enhancing their functional properties.