This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a crucial role in the development of pharmaceuticals, particularly in the synthesis of complex molecules that require the incorporation of pyrrolidine or enoate functionalities. Its structure allows for further chemical modifications, making it valuable in the creation of bioactive compounds and drug candidates. Additionally, it is employed in research settings to study reaction mechanisms and develop new synthetic methodologies. Its stability and reactivity make it a useful building block in medicinal chemistry and material science applications.