Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of anticonvulsant and anti-inflammatory drugs. It serves as a building block in the preparation of heterocyclic compounds such as benzodiazepines and quinazolines. Also employed in the fragrance industry due to its ability to contribute floral and fruity notes in perfume formulations. Its reactivity makes it valuable in organic synthesis for forming amide and ester derivatives.