Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of biologically active molecules. It serves as a building block in organic synthesis due to the presence of both ester and ketone functional groups, enabling various transformations such as reductions, condensations, and cyclization reactions. Commonly employed in the preparation of nine-membered ring compounds and heterocyclic derivatives. Also utilized in fragrance formulations for its ability to contribute to floral and fruity scent profiles.