Used as a key intermediate in the synthesis of fragrances and flavor compounds due to its bifunctional alcohol structure and reactive double bond. Its primary application lies in the production of aroma chemicals, especially in creating musk-like scent derivatives through cyclization or oxidation processes. It is also employed in the formulation of specialty polymers and surfactants, where the diol functionality enables incorporation into polyurethanes or polyester resins. Additionally, it serves as a building block in organic synthesis for pharmaceuticals and agrochemicals, leveraging the alkene group for further functionalization via hydrogenation, epoxidation, or hydroformylation.