This compound is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. Its structure, featuring both ester and alkene functional groups, makes it suitable for various chemical reactions, including Michael additions and cyclization processes. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where it serves as an intermediate. Additionally, its dimethoxy group can act as a protective group or participate in further functionalization, enhancing its utility in multi-step synthetic routes.