This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in the creation of agrochemicals, including herbicides and pesticides, due to its ability to inhibit specific enzymes in plants and pests. Its nitrile and hydroxyl groups make it a versatile building block in organic synthesis, enabling the formation of complex molecules used in research and industrial applications.