Used primarily as a chemical intermediate in the synthesis of various organic compounds. It plays a key role in the production of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that require complex diketone structures. Additionally, it is utilized in the development of agrochemicals, contributing to the formulation of pesticides and herbicides. Its reactive diketone groups make it valuable in organic synthesis, enabling the construction of heterocyclic compounds. In material science, it is employed in the preparation of specialized polymers and coatings, enhancing their durability and performance.