This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both cyano and hydroxyl functional groups, makes it valuable for constructing complex pyrrolidine-based frameworks, which are often found in drugs targeting neurological and cardiovascular disorders. Additionally, it serves as a building block in the development of enzyme inhibitors and receptor modulators, contributing to the creation of potential therapeutic agents. Its versatility in organic synthesis also extends to the production of fine chemicals and agrochemicals, where its reactive sites enable further functionalization and derivatization.