Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and antidiabetic agents. It serves as a building block for fluorinated organic compounds, where the fluorine atom enhances metabolic stability and bioavailability in drug molecules. Commonly employed in condensation reactions to form heterocyclic compounds, which are key structures in many active pharmaceutical ingredients. Also utilized in research settings for developing novel carbonyl-containing compounds with potential biological activity.