Used in organic synthesis as a versatile intermediate for producing various pharmaceuticals and agrochemicals. It serves as a key building block in the creation of complex molecules, particularly in the development of bioactive compounds. Its structure allows for efficient cyclization and functionalization reactions, making it valuable in the synthesis of heterocyclic compounds. Additionally, it is employed in the preparation of fragrances and flavoring agents due to its ability to impart specific aromatic properties. In research, it is utilized to study reaction mechanisms and develop new synthetic methodologies.