Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure allows for functional group transformations, making it valuable in constructing complex molecules. Commonly employed in the development of active pharmaceutical ingredients (APIs) where ketone and ester functionalities are needed for further reactions. Also utilized in the synthesis of fragrances and specialty esters due to its aromatic and carbonyl reactivity. Suitable for use in research settings for designing new organic compounds with targeted biological activity.