Used in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs) for drugs targeting central nervous system disorders. It serves as a building block in organic reactions due to the presence of both cyano and ester functional groups, enabling transformations such as reduction, hydrolysis, and nucleophilic addition. Commonly employed in the preparation of substituted aromatic compounds for medicinal chemistry research. Also utilized in the production of agrochemicals and fine chemicals where methoxy and nitrile functionalities are required. Its structural features make it valuable in cross-coupling reactions and heterocycle formation during drug discovery processes.