Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports the formation of bioactive molecules due to the presence of reactive functional groups. Commonly employed in organic synthesis for constructing complex lactone frameworks. Also utilized in the preparation of photoinitiators for polymer chemistry, where it contributes to UV-curable resin systems. Shows utility in agrochemical formulations for enhancing stability and reactivity of active ingredients.