This compound is primarily utilized in organic synthesis as a building block for the creation of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its pyrrole ring structure makes it valuable in the design of heterocyclic compounds, which are often explored for their biological activity. Additionally, it is employed in the production of agrochemicals, where it contributes to the formulation of pesticides or herbicides. Its ester functional group allows for further chemical modifications, making it versatile in various research and industrial applications.