Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of complex esters and heterocyclic systems. Its multiple functional groups allow for selective reactions, making it valuable in the development of pharmaceuticals and fine chemicals. The presence of both acetyl and ester moieties enables condensation and cyclization reactions, particularly in the synthesis of substituted carbocycles and bioactive molecules. It is also employed in research settings for constructing polyfunctional building blocks in medicinal chemistry.