This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) where it contributes to the formation of complex molecular structures. Additionally, it is employed in the development of agrochemicals, aiding in the creation of pesticides and herbicides. Its cyano and ester functional groups make it valuable in various condensation and cyclization reactions, which are essential in constructing heterocyclic compounds. Furthermore, it finds application in the synthesis of fine chemicals and specialty materials, contributing to advancements in material science and industrial chemistry.