Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its structure contains both a ketone and an ester functional group, making it valuable for constructing complex ring systems and heterocycles. Commonly employed in the synthesis of natural products and analogs due to its ability to undergo selective reactions such as reductions, alkylations, and condensations. Also utilized in the development of drug candidates targeting central nervous system disorders and metabolic diseases.