Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain vasodilators and calcium channel blockers. It plays an important role in organic synthesis due to the presence of both ester and keto functional groups, enabling diverse chemical transformations. Commonly employed in the preparation of heterocyclic compounds and natural product analogs. Its reactivity makes it valuable in research settings for developing biologically active molecules, including potential cardiovascular agents and anti-inflammatory compounds.