This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of pharmaceuticals and agrochemicals due to its nitrile functional group, which can be further transformed into amines, acids, or other derivatives. The benzyloxy group provides protective functionality, making it useful in multi-step synthetic processes where selective reactions are required. Additionally, it serves as a building block in the development of complex molecules, particularly in the synthesis of bioactive compounds and fine chemicals. Its application extends to research and development in medicinal chemistry, where it aids in the creation of novel drug candidates.