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, antimicrobial, or central nervous system-modulating effects. Its ester and methoxy functional groups allow for further chemical modifications, making it valuable in the design of new drug candidates. Also employed in agrochemical research for developing novel pesticides and herbicides due to its ability to enhance molecular diversity in synthetic pathways.