Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its structure supports the development of molecules with potential antifungal, antibacterial, and anti-inflammatory properties. Commonly employed in the preparation of heterocyclic compounds due to the reactivity of the keto and carboxylic acid functional groups. Also utilized in research settings for designing novel drug candidates, especially those targeting central nervous system disorders, owing to the presence of the methylenedioxyphenyl moiety which is known to influence metabolic stability and receptor binding.