Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure allows for functionalization at the alpha carbon, making it valuable in the construction of complex molecules. Commonly employed in carbonyl synthesis and alkylation reactions, it serves as a precursor in the development of active pharmaceutical ingredients (APIs), especially in the formation of substituted carboxylic acids and esters. Also utilized in the synthesis of specialty polymers and agrochemicals due to its stability and reactivity profile.