This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and other biologically active molecules. Its structure, featuring both a hydroxyethyl group and a nitrile group, makes it versatile for further chemical modifications, enabling the creation of compounds with potential therapeutic properties. Additionally, it is employed in the development of specialty chemicals and fine chemicals used in research and industrial applications. Its role in organic synthesis often involves reactions such as esterification, amidation, and cyclization, contributing to the creation of complex molecular architectures.