Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is valuable in the synthesis of complex molecules, particularly in the development of fine chemicals. Additionally, it is employed in the preparation of fragrances and flavoring agents due to its ketone functional group, which contributes to unique aromatic properties. In research, it is utilized in studies involving cyclization reactions and as a building block for heterocyclic compounds.