Used as an intermediate in organic synthesis, particularly in the preparation of fragrances and flavor compounds. Its structure allows for functional group transformations, making it valuable in constructing more complex molecules. Commonly employed in the synthesis of jasmonates, which are important in perfumery for their floral and jasmine-like scents. Also utilized in pharmaceutical research for building cyclic frameworks found in bioactive molecules. The compound’s keto and ester groups enable reactions such as reductions, alkylations, and condensations, offering versatility in synthetic pathways.