Used primarily as a chemical intermediate in the synthesis of pharmaceuticals, particularly in the preparation of cyclopropyl-containing active pharmaceutical ingredients (APIs). Its diketone functionality allows for versatile reactivity, including cyclization and condensation reactions, making it valuable in constructing heterocyclic compounds. It is also employed in agrochemical research for developing new crop protection agents due to its ability to enhance molecular stability and bioavailability. Additionally, it serves in organic synthesis for building complex molecular frameworks where ring strain and steric effects are advantageous.