Used as a key intermediate in organic synthesis, particularly in the preparation of nitro compounds and heterocyclic structures. Its active methylene group allows for alkylation and condensation reactions, making it valuable in pharmaceutical synthesis. Commonly employed in the formation of nitroalkenes, which serve as precursors to amines, amino acids, and other nitrogen-containing compounds. Also utilized in the development of agrochemicals and specialty materials due to its reactivity and functional group compatibility.