Used primarily as an intermediate in organic synthesis, especially in the pharmaceutical and agrochemical industries. It serves as a building block for constructing complex molecules due to its reactive keto and ester functional groups. Commonly employed in the synthesis of heterocyclic compounds, including pyrazoles and pyrimidines, which are key structural motifs in many active pharmaceutical ingredients. Also utilized in the preparation of flavor and fragrance compounds, where it contributes to the formation of esters with fruity or sweet notes. Its versatility in Michael additions and condensation reactions makes it valuable in research and development of new chemical entities.