Used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex ring systems. Commonly employed in Michael addition reactions and aldol condensations to build carbon-carbon bonds. Also utilized in the synthesis of steroids and terpenoids due to its cyclic enone framework. Serves as a building block in the development of biologically active molecules, including anti-inflammatory and anticancer agents.