Used primarily as an intermediate in organic synthesis, particularly in the preparation of complex cyclic compounds and natural product analogs. Its diketone functionality allows for selective reactions at the carbonyl groups, enabling the formation of heterocycles and fused ring systems. Commonly employed in pharmaceutical research for building scaffolds with biological activity, especially in the development of anti-inflammatory and antimicrobial agents. Also utilized in the synthesis of specialty polymers where controlled ring structures enhance material stability and performance.