This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. Its structure, featuring both ester and pyrrolidone functionalities, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target neurological and inflammatory conditions. Additionally, it serves as a building block in the production of specialty chemicals, including polymers and agrochemicals, where its reactivity allows for the creation of tailored compounds with specific properties. Its application in research and development also extends to the study of novel drug delivery systems and biodegradable materials.