Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of fragrances and flavoring agents due to its ability to contribute fruity or floral notes when further processed. It is also employed in the synthesis of pharmaceuticals, where it acts as a building block for more complex molecules, particularly in the creation of barbiturates and other central nervous system depressants. Its reactivity allows for easy modification in multi-step reactions, making it valuable in research and development of active pharmaceutical ingredients. Additionally, it finds use in the production of agrochemicals and specialty polymers where controlled ester functionality is required.