Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure allows for functional group transformations, making it valuable in constructing more complex molecules. Commonly employed in the development of active pharmaceutical ingredients (APIs) where the ketone and ester functionalities enable condensation and reduction reactions. Also utilized in the synthesis of fragrances and specialty esters due to its aromatic and carbonyl reactivity. Suitable for use in research settings for building carbon frameworks in heterocyclic and aliphatic systems.