This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the production of more complex molecules. Its structure, featuring a seven-membered ring with a ketone functional group, makes it suitable for various chemical transformations, including ring-opening reactions and functional group modifications. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. Additionally, it finds application in the creation of specialty chemicals and polymers, where its unique ring structure can impart specific properties to the final product. Researchers also explore its use in catalysis and material science, leveraging its stability and reactivity in diverse chemical processes.