Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for functional group transformations, making it valuable in constructing complex molecules. The hydroxy ketone moiety can participate in reduction, oxidation, and condensation reactions, enabling its use in developing active ingredients in crop protection agents and medicinal compounds. It is also employed in the synthesis of cyclopropane-containing derivatives, which are of interest due to their biological activity and metabolic stability.