Used primarily in organic synthesis as an intermediate for the production of pharmaceuticals and agrochemicals. It serves as a building block for creating complex molecules, particularly in the development of active ingredients for drugs. Its ester group makes it useful in coupling reactions, enabling the formation of carbon-carbon or carbon-nitrogen bonds. Additionally, it finds application in the preparation of ligands for catalysis, aiding in the optimization of chemical processes. Its stability and reactivity make it a valuable component in research and industrial settings for developing new compounds with potential therapeutic or agricultural benefits.