Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) containing aryl ketone and nitrile functionalities. Its structure allows for further transformations such as reduction, cyclization, and nucleophilic addition, making it valuable in constructing heterocyclic compounds like pyrazoles and pyridines. Commonly employed in research and development for drug discovery, especially in the design of anti-inflammatory, anticonvulsant, and anticancer agents. Also utilized in the preparation of agrochemicals and fine chemicals due to its versatile reactivity.