This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and bioactive molecules. Its structure, featuring both a carboxylate ester and a ketone group, makes it a versatile building block in the synthesis of complex organic compounds. It is often employed in the development of anti-inflammatory and analgesic agents, where its tetrahydronaphthalene core serves as a scaffold for drug design. Additionally, it finds application in the preparation of agrochemicals, particularly in the synthesis of herbicides and plant growth regulators. Its reactivity allows for further functionalization, enabling the creation of diverse derivatives tailored to specific industrial or medicinal purposes.