Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its keto-ester functionality allows for versatile chemical transformations, such as reduction, alkylation, and condensation reactions, enabling the construction of complex molecules. Commonly employed in the synthesis of bioactive compounds, including anti-inflammatory agents and lipid analogs. Also utilized in fragrance and flavor synthesis due to its ability to form cyclic and substituted derivatives with aromatic properties.