This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its pyridine moiety, which is a common structural feature in many bioactive molecules. It serves as a key intermediate in the production of various drugs, particularly those targeting the central nervous system, as the pyridine ring can enhance binding affinity to biological targets. Additionally, it is employed in the development of herbicides and pesticides, where its chemical structure contributes to the efficacy of the final product. Its ester group also makes it a versatile building block in organic synthesis, enabling further functionalization to create more complex molecules.