Used as a key intermediate in organic synthesis, particularly in the pharmaceutical industry for constructing complex molecules. Its active carbonyl and ester groups allow it to participate in condensation and cyclization reactions, making it valuable in the production of heterocyclic compounds. Commonly employed in the synthesis of beta-keto esters and as a building block for drugs targeting central nervous system disorders. Also utilized in agrochemical synthesis for developing herbicides and plant growth regulators. Its reactivity enables efficient derivatization, supporting use in research laboratories for developing new bioactive compounds.