This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active molecules. Its structure, featuring both cyano and ester functional groups, makes it a versatile building block in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It is often employed in the construction of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, its dimethoxyphenyl moiety contributes to its use in the synthesis of ligands for receptor studies, aiding in the exploration of neurological and cardiovascular targets. The compound's reactivity also allows for further derivatization, enabling the creation of more complex chemical entities for research and industrial applications.