Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing complex molecules. Commonly employed in the development of active ingredients in medicinal chemistry due to the presence of reactive ketone and ester groups, which can undergo transformations such as reductions, alkylations, and cyclizations. Also utilized in the synthesis of heterocyclic compounds, which are prevalent in drug discovery programs.