Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its keto-ester functionality allows for versatile reactivity, including alkylation, condensation, and reduction reactions. Commonly employed in the synthesis of cyclic compounds and heterocycles due to its ability to undergo intramolecular reactions. Also utilized in the development of fragrances and flavoring agents owing to its ester group and ring structure. Suitable for use in research settings for constructing complex molecular frameworks.