Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for creating complex molecules due to its reactive cyclopentenone structure. The ethoxy group enhances its reactivity, making it suitable for various chemical transformations. It is also employed in the development of flavor and fragrance compounds, contributing to the synthesis of unique aromatic profiles. Additionally, its application extends to research and development in material science, where it aids in the creation of specialized polymers and coatings.