Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of pyrazole-based bioactive compounds. Its structure enables functionalization for creating herbicides and insecticides with improved selectivity and efficacy. Also employed in research for designing novel heterocyclic compounds with potential antimicrobial and anti-inflammatory properties. The cyanoacetyl group facilitates condensation reactions, making it valuable in constructing complex molecules in medicinal chemistry.