This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) due to its reactive functional groups. The presence of both the cyano and ester groups allows for further chemical modifications, making it valuable for constructing complex molecular structures. Additionally, it is employed in the research and development of agrochemicals, contributing to the creation of novel pesticides or herbicides. Its application extends to material science, where it is used in the synthesis of specialized polymers or coatings with unique properties.