This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a benzyloxy group and a nitrile moiety, makes it a versatile building block for constructing more complex molecules. It is often employed in the development of compounds with potential biological activity, such as inhibitors or receptor modulators. Additionally, it can serve as a precursor in the synthesis of fine chemicals and specialty materials. Its applications extend to research and development in medicinal chemistry, where it is used to explore new drug candidates and optimize existing ones.