Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the construction of complex molecules through reactions like alkylation and condensation. Its malonate ester group facilitates the formation of carbon-carbon bonds, making it essential for synthesizing fine chemicals. Additionally, it is employed in the development of active pharmaceutical ingredients (APIs) and specialty chemicals, contributing to advancements in medicinal chemistry and crop protection.