Used primarily as a building block in organic synthesis, this compound serves as an intermediate in the preparation of pharmaceuticals and natural products. Its reactive carbonyl and alkene groups allow for diverse transformations, including reductions, additions, and cyclizations. It is particularly valuable in the synthesis of tetrahydropyran rings, which are common structural motifs in bioactive molecules. Additionally, it functions as a precursor in the development of fragrances and flavoring agents due to its ability to undergo controlled modifications to produce desired olfactory properties.