Used primarily as a building block in organic synthesis, this compound serves in the preparation of complex cyclic structures and natural products. Its reactive diketone functionality allows for condensation and cyclization reactions, making it valuable in pharmaceutical research and development of bioactive molecules. It is also employed in the synthesis of fragrances and specialty chemicals where a seven-membered ring system is required. Due to its ability to form stable enolates and undergo selective substitutions, it supports the construction of polycyclic frameworks in advanced intermediates.