This compound is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceuticals and bioactive molecules. Its structure is particularly valuable in the synthesis of heterocyclic compounds, which are essential in drug discovery. It is often employed in the preparation of pyridine derivatives, which have applications in creating anti-inflammatory, antiviral, and anticancer agents. Additionally, its cyano and ester functional groups make it a versatile building block for further chemical modifications, enabling the production of complex molecules with potential therapeutic properties.