This chemical is primarily used in organic synthesis as an intermediate for the production of various fine chemicals and pharmaceuticals. Its structure, featuring both ester and ketone functional groups, makes it versatile for reactions such as condensation, reduction, and alkylation. It is often employed in the synthesis of complex molecules, including active pharmaceutical ingredients (APIs) and agrochemicals. Additionally, it serves as a building block in the development of flavor and fragrance compounds, contributing to the creation of unique aromatic profiles. Its reactivity and stability make it a valuable component in research and industrial chemistry for creating specialized organic compounds.