This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It is particularly valuable in pharmaceutical research, where it serves as a building block for the synthesis of active pharmaceutical ingredients (APIs). Its nitronic and ester functional groups make it a versatile reagent in the creation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, it finds application in the field of agrochemicals, contributing to the development of novel pesticides or herbicides. Its reactivity and structural features also make it useful in academic research for studying reaction mechanisms and developing new synthetic methodologies.