Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a key role in the synthesis of complex molecules, including active pharmaceutical ingredients (APIs) and fine chemicals. The compound is also utilized in the preparation of malonate derivatives, which are essential in various chemical reactions, such as Michael additions and alkylations. Additionally, it serves as a building block in the development of specialty chemicals and materials, contributing to advancements in medicinal chemistry and industrial applications.