Used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its ester and enoate functionalities make it suitable for Michael addition reactions and other carbon-carbon bond-forming processes. Commonly employed in the synthesis of heterocyclic compounds and active ingredients in crop protection agents. Also utilized in fragrance formulations due to its ability to act as a building block for ester-based aroma chemicals. Its reactivity profile allows for selective transformations under mild conditions, making it valuable in fine chemical manufacturing.