Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its cyclic ether structure with a reactive ketone group makes it valuable for constructing complex molecules through nucleophilic addition or condensation reactions. Commonly employed in the synthesis of active pharmaceutical ingredients (APIs) where oxygen-containing heterocycles are needed. Also utilized in fragrance and flavor chemistry due to its ability to form derivatives with pleasant sensory properties. Serves as a building block in the development of natural product analogs and bioactive compounds.