Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex molecules. Commonly employed in the synthesis of heterocyclic compounds, including pyrazoles and isoxazoles, which are prevalent in bioactive molecules. Also utilized in the development of ligands for metal-catalyzed reactions. Its ketone groups participate in condensation and cyclization reactions, enabling the formation of carbon–carbon and carbon–heteroatom bonds.