Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its structure allows for the introduction of benzyl groups, which can be pivotal in the development of active pharmaceutical ingredients. Additionally, it is utilized in the synthesis of liquid crystals, which are essential components in display technologies such as LCDs. The compound’s nitrile group also makes it a valuable precursor in the manufacture of various polymers and resins, contributing to the material science field.