Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). It serves as a building block in organic reactions due to its active methylene group, enabling condensation and cyclization processes. Also employed in the preparation of agrochemicals and functional materials where diketone functionality is required. Its cyclohexyl and methyl-substituted structure enhances lipophilicity, making it valuable in designing bioactive molecules with improved membrane permeability.