Methyl 2-(2-cyanophenyl)acetate is primarily used as an intermediate in the synthesis of various organic compounds. It plays a key role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for drugs targeting neurological and cardiovascular conditions. Additionally, it is utilized in the creation of agrochemicals, such as pesticides and herbicides, due to its ability to act as a building block for complex molecules. In research and development, this compound is often employed in organic synthesis to study reaction mechanisms and develop new chemical processes. Its versatility makes it valuable in both industrial and academic settings.