Used primarily as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex molecules. It is also employed in the preparation of bioactive compounds, including anti-inflammatory and antimicrobial agents. Due to the presence of active carbonyl groups, it participates in condensation and cyclization reactions, facilitating the formation of heterocyclic systems. Additionally, it finds use in research settings for studying reaction mechanisms involving enolization and keto-enol tautomerism.