Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure contains both ester and ketone functional groups, making it valuable for constructing complex molecules through reactions such as alkylation, condensation, and reduction. Commonly employed in the synthesis of prostaglandins and other bioactive compounds due to its cyclic ketone framework. Also utilized in fragrance and flavor synthesis because of its ability to undergo transformations into cyclic alcohols and esters with desirable olfactory properties.