This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its unique structure, featuring both an imino group and a nitrile group, makes it particularly valuable in the development of pharmaceuticals, especially in the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides and herbicides that enhance agricultural productivity. The compound's reactivity also allows it to be used in the preparation of specialty chemicals, which find applications in diverse industries such as materials science and electronics. Its role in facilitating efficient and selective chemical reactions underscores its importance in advancing research and industrial processes.