Used primarily as an intermediate in organic synthesis, this compound is valuable in the preparation of cycloheptane-based derivatives. It readily reacts with amines to form amides, making it useful in the development of pharmaceuticals and biologically active molecules. It also serves in the synthesis of ketones, aldehydes, and esters through reactions with organometallic reagents or alcohols. Due to the seven-membered ring structure, it contributes to the creation of strained or conformationally unique compounds important in medicinal chemistry and material science. Its reactivity allows for easy introduction of the cycloheptanecarbonyl group in multi-step synthetic routes.