This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is often employed in the synthesis of heterocyclic compounds, particularly those involving pyrrole derivatives, which are of significant interest in pharmaceutical research. The ethyl ester group in the molecule makes it a versatile building block for further chemical modifications, enabling the creation of compounds with potential biological activity. Additionally, it may be used in the study of structure-activity relationships (SAR) to design and optimize drug candidates. Its phenyl and pyrrole components contribute to its application in the development of materials with unique electronic properties, such as organic semiconductors or light-emitting diodes (OLEDs).