This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of specialty chemicals and intermediates. It serves as a key building block in the production of complex molecules, often used in the pharmaceutical industry for creating active pharmaceutical ingredients (APIs). Additionally, it finds application in the field of material science, where it is employed in the formulation of polymers and resins, contributing to the enhancement of material properties such as durability and flexibility. Its unique structure, featuring a protected ketone and an allyl ether group, also makes it valuable in research and development for exploring new chemical reactions and pathways.