Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acid derivatives with potential cardiovascular and metabolic effects. It serves as a building block in medicinal chemistry for creating compounds that modulate enzyme activity or receptor function. Also employed in agrochemical research for designing new pesticides and plant growth regulators due to its stable ester structure and reactivity. Its methoxy and pyridine functionalities make it valuable in forming complex heterocyclic systems during organic synthesis.