This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both a benzyl group and a methoxy-oxobutanoic acid moiety, makes it a versatile building block for constructing more complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) where specific functional groups are required for biological activity. Additionally, it can be used in the synthesis of esters, amides, and other derivatives, which are valuable in drug discovery and medicinal chemistry. Its application extends to research laboratories where it serves as a reagent for studying chemical reactions and mechanisms.