Ethyl 2-isopropylacetoacetate is widely used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for the synthesis of various heterocyclic compounds, which are essential in developing drugs with therapeutic properties. Additionally, it is employed in the preparation of fine chemicals and specialty materials, where its reactivity and structure make it a versatile reagent. In the agrochemical industry, it is utilized in the synthesis of pesticides and herbicides, contributing to crop protection and agricultural productivity. Its role in facilitating complex chemical reactions underscores its importance in industrial and research applications.