Used primarily as a key intermediate in the synthesis of agrochemicals and pharmaceuticals. Its reactivity makes it valuable in constructing complex organic molecules, especially in forming carbon-carbon bonds through conjugate addition or Michael reactions. Commonly employed in the development of fungicides due to its ability to mimic structural motifs in biologically active compounds. Also utilized in polymer chemistry as a monomer for specialty resins, contributing to improved solubility and reactivity in coating formulations. Its ester and ether functionalities allow for further chemical modifications, making it a versatile building block in organic synthesis.