This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of complex molecules with potential therapeutic applications. Its structure is valuable in constructing pyrrolidine-based frameworks, which are common in bioactive compounds. Additionally, it is employed in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its ester and ketone functional groups make it a useful building block for further chemical modifications, enabling the creation of diverse derivatives for various applications in medicinal chemistry and drug discovery.