Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its keto-ester functionality allows it to participate in condensation and cyclization reactions, making it valuable in constructing complex molecules. Commonly employed in the synthesis of heterocyclic compounds and active pharmaceutical ingredients (APIs) where a six-carbon backbone with functional handles is required. Also utilized in fragrance formulations due to its ability to contribute fruity or creamy notes in perfumery applications.