Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, agrochemicals, and fine chemicals. Its malonate structure allows for versatile reactions, such as alkylation and condensation, making it valuable for constructing complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) and in the development of new chemical entities. Additionally, it finds use in the preparation of dyes, flavors, and fragrances due to its ability to introduce specific functional groups into target molecules.