Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acid derivatives with potential biological activity. It serves as a building block in medicinal chemistry for creating compounds that may exhibit anti-inflammatory, antiviral, or central nervous system-modulating effects. Also employed in agrochemical research for the design of novel pesticides and herbicides due to its ability to enhance molecular complexity in heterocyclic systems. Its ester functionality allows for easy modification, making it valuable in combinatorial chemistry and drug discovery processes.