This compound is primarily used in the synthesis of vitamin A and its derivatives, which are essential for various biological functions. It serves as a key intermediate in the production of retinoids, which are widely applied in pharmaceuticals for treating skin conditions like acne and psoriasis. Additionally, it is utilized in the development of dietary supplements to address vitamin A deficiency. In the cosmetic industry, it contributes to formulations aimed at improving skin health and reducing signs of aging. Its role in organic synthesis also extends to research and development of novel compounds with potential therapeutic applications.