Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of specialty esters and functionalized ketones. Its reactivity allows for chain extension in carbonyl-containing molecules, making it valuable in fragrance and flavor synthesis where tailored ester profiles are needed. It also finds use in polymer chemistry as a modifier to introduce branching or adjust solubility characteristics in resin formulations. Due to the presence of both ketone and ester functionalities, it supports multi-step transformations in pharmaceutical intermediates and fine chemicals.