Used primarily as an intermediate in organic synthesis, this compound serves in the production of specialty monomers and cross-linking agents for polymer chemistry. Its functional groups enable participation in aldol condensation and Michael addition reactions, making it valuable in creating acrylic-based resins with enhanced weather resistance and adhesion properties. It is also employed in the formulation of UV-curable coatings and adhesives, where it contributes to rapid curing and improved film strength. Additionally, it finds use in the synthesis of fragrance components due to its ability to form cyclic structures with ester and alcohol functionalities.