Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for the preparation of complex molecules due to its reactive keto and ester functional groups. Commonly employed in the synthesis of amino acids, peptides, and heterocyclic compounds. Also utilized in fragrance formulations for its ability to contribute to fruity and floral notes. Its versatility makes it valuable in research and development within medicinal chemistry and fine chemical industries.