Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a building block for ketone and ester derivatives due to its reactive carbonyl and ester functional groups. Commonly employed in the synthesis of anti-inflammatory agents and other bioactive molecules. Also utilized in fragrance formulations for its aromatic characteristics, contributing to fruity and floral notes in perfumery. Its ability to undergo condensation and reduction reactions makes it valuable in creating complex organic structures.