Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of heterocyclic compounds. Its diketone structure makes it valuable in the creation of complex molecules, including those with potential therapeutic properties. Additionally, it is utilized in the development of agrochemicals, contributing to the formulation of pesticides and herbicides. In material science, it aids in the synthesis of polymers and coatings, enhancing their durability and performance. Its reactivity also makes it useful in research for studying reaction mechanisms and developing new synthetic pathways.