Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals, particularly in the development of steroid-like structures and bioactive molecules. Its conjugated ketone and ester functional groups make it suitable for cyclization and condensation reactions. Commonly employed in the preparation of polycyclic compounds for research in medicinal chemistry. Also utilized in fragrance synthesis due to its aromatic and cyclic nature, contributing to stable, long-lasting scent profiles in perfumery applications.