Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its structure contains both ester and ketone functional groups, making it suitable for further chemical transformations such as reductions, alkylations, and condensation reactions. Commonly employed in the development of cyclic compounds with potential medicinal properties, including central nervous system agents and anti-inflammatory analogs. Its reactivity allows for selective modifications, enabling the construction of complex molecular frameworks in research and development settings.