Used primarily as an intermediate in organic synthesis, it plays a key role in the production of various pharmaceuticals and fine chemicals. Its structure is leveraged in the development of complex molecules, particularly in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in the research and development of new chemical entities, where its ketone functionality is utilized in creating diverse organic compounds. In industrial settings, it is employed in the manufacture of specialty chemicals, contributing to the production of dyes, fragrances, and other high-value products. Its versatility in chemical reactions makes it a valuable component in advanced material science and polymer chemistry.