Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the construction of heterocyclic systems commonly found in drug molecules. It is also employed in agrochemical research for designing new pesticides and herbicides due to its ability to enhance binding selectivity in target enzymes. The ester functionality allows for easy modification in multi-step organic syntheses, making it valuable in medicinal chemistry and combinatorial library development.