Used as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds and pharmaceuticals. Its keto-ester functionality allows for versatile reactivity, including aldol condensations, reductions, and cyclization reactions. Commonly employed in the synthesis of lactones, pyridines, and other nitrogen-containing rings. Also utilized in fragrance and flavor chemistry due to its ability to form cyclic structures with characteristic odors. Suitable for use in research settings for developing bioactive molecules and functional materials.