Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its seven-membered ring structure makes it valuable in the development of cyclic compounds with biological activity. It participates in condensation and cyclization reactions to form heterocyclic systems. Also employed in fragrance synthesis due to its ability to form substituted cycloheptenones, which can contribute to musk-like scents. Its reactivity allows functionalization at the alpha positions, enabling the construction of complex molecules in research and industrial settings.