Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its nitrile group is particularly valuable for forming other functional groups, such as carboxylic acids or amines, through chemical reactions. Additionally, it serves as a building block in the development of liquid crystals, which are essential components in displays for electronic devices. The isopropoxy group enhances solubility and reactivity, making it suitable for use in complex chemical transformations.