Used as a chelating agent in the production of metal acetylacetonates, which are employed as catalysts in various organic reactions, including polymerization and oxidation processes. It serves as a precursor in the synthesis of pharmaceuticals, particularly in the creation of anti-inflammatory and antifungal agents. In the coatings industry, it acts as a crosslinking agent for resins, enhancing the durability and performance of paints and varnishes. Additionally, it is utilized in analytical chemistry as a reagent for the determination of metal ions due to its ability to form stable complexes. In the field of agriculture, it is used in the formulation of pesticides and herbicides. It also finds application in the production of specialty chemicals, such as fragrances and flavoring agents, due to its unique chemical properties.