Used in advanced organic synthesis as a key intermediate for complex natural product derivatization, particularly in the development of highly functionalized terpenoid frameworks. Exhibits utility in pharmaceutical research due to its polycarbonyl structure, enabling selective transformations for drug scaffold design. Its ester groups allow for controlled hydrolysis or reduction, making it valuable in prodrug strategies and targeted delivery systems. Also applied in materials science for constructing photo-responsive molecular architectures owing to the aromatic ketone moieties that participate in photochemical reactions. Serves as an analytical reference standard (98% purity) for quality control and purity assessment in natural product research, especially for terpenoid-containing herbal extracts.