Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of anticoagulant and anti-inflammatory agents. It serves as a building block in the preparation of heterocyclic compounds due to the presence of both cyano and keto functional groups, which allow for diverse chemical transformations. Commonly employed in research settings for developing active pharmaceutical ingredients (APIs) through condensation and cyclization reactions. Also utilized in the manufacture of specialty chemicals and agrochemicals where complex molecular structures are required. Its reactivity makes it valuable in organic synthesis for introducing phenyl and cyano-containing moieties into larger molecules.