Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves in the preparation of barbiturates, which are central nervous system depressants with sedative and hypnotic properties. The compound's structure allows for easy modification, making it valuable in constructing carbon frameworks for drug development. It is also employed in the synthesis of fragrances and dyes due to its aromatic and ester functionalities. Its reactivity in alkylation and condensation reactions supports its role in building complex molecules in research and industrial applications.