This chemical is primarily utilized in organic synthesis as a versatile building block. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure allows for the introduction of cyano and ester functional groups, making it valuable in constructing complex molecules. Additionally, it is used in agrochemical research to develop new pesticides or herbicides due to its reactivity and ability to form stable intermediates. In material science, it contributes to the synthesis of specialty polymers and coatings, enhancing their performance characteristics. Its application also extends to the field of fine chemicals, where it aids in the creation of dyes, fragrances, and other high-value compounds.