This compound is widely utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. Its structure, featuring both a cyano group and a phenylacrylate moiety, makes it particularly useful in the synthesis of pharmaceuticals, agrochemicals, and dyes. It is often employed in Michael addition reactions, where it acts as an electrophile, enabling the formation of carbon-carbon bonds. Additionally, it serves as a precursor in the production of compounds with potential biological activities, such as antimicrobial and anticancer agents. Its versatility in chemical transformations also makes it valuable in material science for developing functional polymers and coatings.