This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex molecules, making it valuable in the development of drugs and active ingredients for crop protection. Additionally, it can be utilized in research settings to study oxidation processes and reaction mechanisms due to its unique diene and dione functional groups. Its applications also extend to the field of materials science, where it may be employed in the creation of specialized polymers or coatings with specific chemical properties.