Used in organic synthesis as a versatile intermediate for producing pharmaceuticals, agrochemicals, and fine chemicals. It serves as a key building block in the creation of complex molecules due to its reactive cyclopentenone structure. Applied in the development of fragrance compounds, contributing to unique scent profiles in perfumes and cosmetics. Also utilized in research for synthesizing bioactive compounds with potential therapeutic properties. Its methoxy group enhances reactivity, making it valuable in various chemical transformations.