Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its keto-ester functionality allows for selective reactions such as reductions, alkylations, and condensations, making it valuable in building complex molecules. Commonly employed in the development of bioactive compounds, including hormone analogs and anti-inflammatory agents. Also utilized in fragrance synthesis due to its fatty ester structure, contributing to waxy, floral notes in perfumery applications.