Used as a catalyst or reagent in organic synthesis, particularly in enolate chemistry and condensation reactions. Facilitates carbon-carbon bond formation due to its active methylene group. Employed in the preparation of pharmaceuticals, agrochemicals, and fine chemicals where controlled acetoacetylation is required. Also finds use in coordination chemistry as a ligand precursor in metal-organic frameworks or complexes. Its lithium ion content makes it suitable in certain battery research contexts involving organic electrolytes.