This chemical is primarily utilized in the synthesis of various organic compounds due to its reactive lactone structure. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that require furanone derivatives. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its unique structure also makes it valuable in the field of material science, where it is used to develop polymers and coatings with specific properties. Furthermore, it finds application in the fragrance and flavor industry, where it is used to create synthetic aromas and taste enhancers.