Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its functional groups allow for derivatization into esters, amides, and other carboxylic acid derivatives. Commonly employed in the development of bioactive molecules due to the presence of both ketone and carboxylic acid moieties, enabling participation in condensation and cyclization reactions. Also utilized in the synthesis of flavor and fragrance compounds, where its structure contributes to ester-based aroma chemicals. Suitable for research in medicinal chemistry for building complex molecular frameworks.