Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the construction of pyrrole-based bioactive molecules. Its ester and methyl-substituted pyrrole ring makes it valuable in forming complex heterocyclic compounds for drug development. Commonly employed in research settings for creating analogs with potential antimicrobial, anti-inflammatory, or anticancer properties. Also utilized in the preparation of dyes and functional materials due to its aromatic and electron-rich structure.