Used as an intermediate in organic synthesis, particularly in the fragrance industry. It serves as a building block for creating complex aroma chemicals due to its stable cyclohexenyl structure and reactive hydroxyl group. Commonly employed in the preparation of musk-like scent compounds and other perfumery additives. Its aliphatic alcohol chain allows for esterification, enabling the development of esters with pleasant, long-lasting odors. Also utilized in the synthesis of pharmaceuticals where alicyclic moieties are required for biological activity.