Used as a versatile intermediate in organic synthesis, it plays a key role in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its structure allows it to participate in various reactions, such as esterifications and condensations, making it valuable for constructing complex molecules. In agrochemicals, it aids in the development of pesticides and herbicides. Additionally, it is employed in the synthesis of flavor and fragrance compounds, contributing to the creation of unique scents and tastes. Its reactivity and stability make it a preferred choice in laboratory and industrial applications.