Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and plant growth regulators. Its structure allows for the introduction of phenoxy-based functional groups, which are common in bioactive molecules. It is also employed in organic synthesis to build more complex aromatic compounds through esterification or amidation reactions. Due to the presence of both nitrile and carboxylic acid groups, it offers dual reactivity, enabling use in multi-step transformations for drug discovery and crop protection agents.