Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a building block for lactone-based compounds with biological activity. Commonly applied in research for developing new drugs, especially in cardiovascular and anti-inflammatory agents. Also utilized in the synthesis of biodegradable polymers and environmentally friendly plasticizers due to its stable lactone structure. Shows potential in agrochemical formulations as a precursor for bioactive molecules.