Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of anticoagulant and anti-inflammatory agents. It serves as a building block in heterocyclic chemistry, enabling the formation of pyrazole and isoxazole derivatives. Also applied in agrochemical synthesis for developing herbicides and plant growth regulators. Its nitrile and ketone functional groups allow for versatile chemical transformations, making it valuable in research and development of bioactive molecules.