Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals due to its reactive ester and ketone functional groups. Its structure allows for further chemical modifications, making it valuable in constructing complex molecules. It is also employed in the development of specialty chemicals, including fragrances and flavoring agents, where ester derivatives contribute to desired olfactory properties. The compound’s alkyl chain and carbonyl groups enable solubility tuning and reactivity in catalytic reactions, supporting its use in research and industrial applications.