Used as an intermediate in organic synthesis, particularly in the preparation of flavonoids and chalcone derivatives, which exhibit biological activities such as anti-inflammatory, antimicrobial, and anticancer properties. It serves as a building block in pharmaceutical research and is employed in the development of new therapeutic agents. Also utilized in materials science for synthesizing conjugated systems in organic electronics due to its extended π-electron structure. Commonly involved in Michael addition and cyclization reactions to form heterocyclic compounds.