Weak measurements introduced by Aharonov, Albert and Vaidman (AAV) can
provide informations about the system with minimal back action. Weak values of
product observables (commuting) or higher moments of an observable are
informationally important in the sense that they are useful to resolve some
paradoxes, realize strange quantum effects, reconstruct density matrices, etc.
In this work, we show that it is possible to access the higher moment weak
values of an observable using weak values of that observable with pairwise
orthogonal post-selections. Although the higher moment weak values of an
observable are inaccessible with Gaussian pointer states, our method allows any
pointer state. We have calculated product weak values in a bipartite system for
any given pure and mixed pre selected states. Such product weak values can be
obtained using only the measurements of local weak values (which are defined as
single system weak values in a multi-partite system). As an application, we use
higher moment weak values and product weak values to reconstruct unknown
quantum states of single and bipartite systems, respectively. Further, we give
a necessary separability criteria for finite dimensional systems using product
weak values and certain class of entangled states violate this inequality by
cleverly choosing the product observables and the post selections. By such
choices, positive partial transpose (PPT) criteria can be achieved for these
classes of entangled states. Robustness of our method which occurs due to
inappropriate choices of quantum observables and noisy post-selections is also
discussed here. Our method can easily be generalized to the multi-partite
systems