Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs targeting cardiovascular and neurological disorders. Its structure is valuable in creating pyrimidine derivatives, which are essential in medicinal chemistry for their biological activity. Additionally, it is utilized in research settings to study enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its ethyl ester group enhances its solubility, making it suitable for various chemical reactions and formulations.