Used primarily in the flavor and fragrance industry, it imparts a sweet, caramel-like aroma, making it a popular choice for enhancing food products such as baked goods, confectionery, and beverages. It also finds application in the synthesis of certain pharmaceuticals, where it serves as an intermediate in the production of active compounds. Additionally, it is utilized in the development of agrochemicals, contributing to the formulation of pesticides and herbicides. Its unique chemical structure allows it to act as a building block in organic synthesis, particularly in the creation of heterocyclic compounds.