This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of more complex molecules. Its structure, featuring both a phenyl group and a malononitrile moiety, makes it particularly valuable in the construction of heterocyclic compounds, which are often found in pharmaceuticals and agrochemicals. Additionally, it is used in the synthesis of dyes and pigments due to its ability to form stable, colored compounds. Researchers also explore its potential in material science, particularly in the development of organic semiconductors and light-emitting materials. Its versatility and reactivity make it a valuable component in various industrial and research applications.