This compound is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to serve as a building block for more complex molecules, particularly in the development of drugs targeting neurological and cardiovascular disorders. Additionally, it finds application in the synthesis of dyes and pigments due to its aromatic and ketone functional groups. In research, it is utilized in the study of chemical reactions involving ring systems and ketone transformations, contributing to advancements in synthetic chemistry methodologies.