This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. Its structure, featuring both a β-keto ester and an enamine moiety, makes it highly reactive and suitable for cyclization reactions. It is often employed in the synthesis of pyridine and pyrimidine derivatives, which are important frameworks in pharmaceuticals and agrochemicals. Additionally, it serves as a precursor in the development of complex molecules with potential biological activity, including antimicrobial and anticancer agents. Its versatility in forming carbon-carbon and carbon-nitrogen bonds makes it a valuable tool in medicinal chemistry and drug discovery research.