This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It plays a crucial role in the development of various pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure, featuring both pyridine and ester functional groups, makes it valuable for constructing complex molecules, especially those targeting biological pathways. Additionally, it is employed in research settings for the preparation of ligands and catalysts used in organic reactions, contributing to advancements in medicinal chemistry and drug discovery.