Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. It serves as a building block for the synthesis of various heterocyclic compounds due to the presence of both ester and ketone functional groups, which allow for diverse chemical transformations. Commonly employed in the development of anti-inflammatory agents and central nervous system active compounds. Its reactivity makes it valuable in condensation reactions and in the formation of substituted pyrroles and other nitrogen-containing rings. Also utilized in research settings for the design of novel bioactive molecules.