Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anticoagulant and anti-inflammatory drugs. Its structure allows for easy functionalization, making it valuable in building complex molecules in medicinal chemistry. Commonly employed in heterocyclic synthesis, especially for constructing pyridine and pyrrole derivatives. Also utilized in agrochemical research for designing bioactive molecules with pesticidal or herbicidal activity. Its α-cyano carbonyl functionality enables participation in multicomponent reactions, enhancing its utility in combinatorial chemistry and drug discovery.