Used as a key intermediate in organic synthesis, particularly in the preparation of flavonoid derivatives and other bioactive molecules. Its structure supports carbon-carbon bond formation in reactions such as aldol condensations and Michael additions. Commonly employed in pharmaceutical research for constructing complex natural product frameworks. Also utilized in asymmetric synthesis due to its ability to form chiral centers under catalytic conditions. Shows utility in the development of light-sensitive compounds and in materials science for designing functional organic materials.