Used primarily as an intermediate in organic synthesis, particularly in the preparation of fragrances and flavor compounds. Its keto-ester functionality allows it to participate in condensation and cyclization reactions, making it valuable in the creation of heterocyclic systems found in perfumery. It imparts fruity, waxy, and green notes, and is therefore employed in the formulation of artificial flavors and scented products such as soaps, detergents, and cosmetics. Additionally, it serves as a building block in the synthesis of more complex molecules in pharmaceutical and agrochemical research.