Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex nitrogen-containing molecules. It is also employed in the development of active ingredients in agrochemicals and in the synthesis of specialty polymers. Due to the reactivity of the allyl and carbonyl groups, it participates in cyclization, addition, and substitution reactions, which are key in creating heterocyclic compounds with potential biological activity.