Used as a key intermediate in organic synthesis, particularly in the preparation of flavonoid derivatives and chromone-based compounds. It serves in the development of pharmaceuticals with antioxidant, anti-inflammatory, and antimicrobial properties. Also employed in dye synthesis and as a building block for UV-absorbing materials in coatings and polymers. Its enolate structure allows for nucleophilic reactions, enabling the formation of carbon-carbon bonds in complex molecule assembly.