This compound is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) due to its unique structural features. The presence of both cyano and ester functional groups makes it a valuable building block for constructing complex molecules. It is also used in the synthesis of heterocyclic compounds, which are important in medicinal chemistry for their potential therapeutic properties. Additionally, it finds application in the research and development of agrochemicals, contributing to the creation of new pesticides or herbicides. Its reactivity allows for further functionalization, making it a key component in various chemical transformations.