Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive compounds. It serves as a building block for heterocyclic compounds due to its reactive diketone structure. Commonly employed in the development of antiviral and antibacterial agents. Also utilized in the synthesis of specialty polymers and chelating agents where controlled ring-opening and functionalization are required. Its stability and reactivity make it suitable for use in controlled laboratory-scale reactions and multi-step synthesis pathways.