Used primarily as an intermediate in organic synthesis, particularly in the pharmaceutical and fragrance industries. It serves as a building block for the preparation of complex molecules due to the presence of both ester and ketone functional groups, which allow for diverse chemical transformations. In fragrance formulation, it contributes to fruity and creamy notes, making it valuable in creating artificial flavors and perfumes. It is also employed in the synthesis of bioactive compounds, including potential drug candidates, where its alkyl chain and reactive carbonyl group facilitate the construction of larger, biologically active structures.