Used as a building block in the production of bio-based solvents, fuels, and polymers due to its versatile functional groups. Commonly employed in the synthesis of levulinate esters, which serve as green solvents in coatings, fragrances, and plasticizers. Plays a role in the manufacture of fuel additives like alkyl levulinates to improve diesel properties. Applied in agriculture as a component in biodegradable herbicides and plant growth enhancers. Utilized in the pharmaceutical industry for producing active ingredients and intermediates, including antifungal and anti-inflammatory agents. Found in some biodegradable chelating agents for detergents and water treatment. Also explored in the development of sustainable battery electrolytes and energy storage materials.