Widely used as an intermediate in organic synthesis, it plays a crucial role in the production of various chemicals, including pharmaceuticals, agrochemicals, and specialty polymers. Its reactivity makes it valuable in forming carbon-carbon bonds, particularly in aldol condensation reactions. In the flavor and fragrance industry, it is utilized to create esters and other compounds that contribute to specific aromas. Additionally, it serves as a precursor in the synthesis of vinyl ethers, which are important in polymerization processes and the manufacture of adhesives and coatings. Its versatility in chemical reactions makes it a key component in industrial and laboratory applications.