This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of complex organic compounds due to its ester functional groups, which can undergo further chemical transformations. Additionally, it finds application in the development of fine chemicals and specialty materials, where its structure allows for the creation of molecules with specific properties. Its role in research and development is significant, especially in the field of medicinal chemistry, where it contributes to the creation of new drug candidates.