Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of pyridine derivatives, which are essential in developing drugs with anti-inflammatory, antiviral, and anticancer properties. Additionally, its reactive cyano and acrylate groups make it useful in creating polymers and coatings with specialized properties, such as UV resistance or enhanced durability. In research, it is employed to study reaction mechanisms and develop novel chemical pathways for complex organic molecules.