Used primarily in organic synthesis as a highly reactive diketone compound, this chemical serves as a building block for complex heterocyclic systems. Its strained ring structure and multiple carbonyl groups make it valuable in cycloaddition reactions, particularly in the development of photoresponsive materials. It has been employed in research settings to construct fused furan derivatives, which are of interest in the design of organic semiconductors and fluorescent dyes. Additionally, its unique scaffold is explored in medicinal chemistry for probing novel reaction pathways and generating structurally diverse compounds for biological screening.