Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and fine chemicals. Its structure contains both ketone and carboxylic acid functional groups, making it suitable for further derivatization. Commonly employed in the preparation of esters and amides for use in medicinal chemistry research. Also utilized in the synthesis of cyclic compounds where a functionalized cyclohexane backbone is required. The methoxyethyl side chain enhances solubility, which can be beneficial in reaction media and biological testing.