Amyl acetoacetate is widely used in the fragrance and flavor industry due to its fruity and floral aroma. It is commonly incorporated into perfumes, cosmetics, and personal care products to enhance scent profiles. In the food industry, it serves as a flavoring agent, adding a sweet, fruity note to various products like candies, baked goods, and beverages. Additionally, it is utilized in organic synthesis as a building block for producing more complex chemical compounds. Its versatility makes it valuable in both industrial and consumer applications.