Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for esters and beta-keto esters, which are key structures in the synthesis of active ingredients in crop protection agents and medicinal compounds. Also employed in fragrance formulations due to its ability to contribute fruity, sweet notes in perfumery applications. Its reactivity makes it suitable for use in condensation reactions and the preparation of heterocyclic compounds.