Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing complex molecules. Commonly employed in the development of active pharmaceutical ingredients (APIs) where the benzoate ester and nitrile groups serve as key reaction sites. Also utilized in the synthesis of heterocyclic compounds, which are prevalent in many drug molecules. Its versatility supports applications in medicinal chemistry research and development.