This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) due to its reactive functional groups, which facilitate the construction of heterocyclic compounds. Additionally, it serves as a building block in the production of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its picolinate moiety makes it valuable in coordination chemistry, where it can act as a ligand for metal ions in catalytic processes. The compound's stability and reactivity make it a versatile tool in research and industrial applications.