This compound is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals due to its versatile chemical structure. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting neurological and inflammatory disorders. Its pyridine moiety makes it valuable in creating compounds with potential therapeutic effects. Additionally, it is employed in organic synthesis to construct complex molecules, often used in research and development for novel compounds with specific biological activities. Its ester functionality allows for further chemical modifications, making it a useful building block in medicinal chemistry.