Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and serotonin receptor modulators. Its structure supports the construction of complex heterocyclic systems found in bioactive molecules. Commonly employed in medicinal chemistry for drug discovery programs targeting neurological disorders and cancer. Also utilized in the preparation of fluorescent probes and agrochemicals due to its ability to undergo derivatization at both the cyano and carboxylic acid functional groups.