This compound is primarily utilized in the pharmaceutical and chemical research industries as a key intermediate in the synthesis of more complex molecules. Its structure, featuring both ester and pyrrolidone functionalities, makes it valuable for developing bioactive compounds, particularly in the creation of potential drug candidates. Researchers often employ it in the design and production of molecules targeting neurological disorders, as the pyrrolidone ring is a common motif in nootropic and neuroprotective agents. Additionally, its reactivity allows for further chemical modifications, enabling the development of diverse derivatives for medicinal chemistry applications. It is also explored in agrochemical research for the synthesis of compounds with potential pesticidal or herbicidal properties.