Used primarily as an intermediate in the synthesis of fragrances and flavor compounds due to its characteristic floral and waxy odor. It serves as a building block in the production of esters used in perfumery, especially for creating rose and citrus scent profiles. Also employed in the formulation of specialty solvents and plasticizers where moderate volatility and good solvency are required. Its derivatives can be found in cosmetics, soaps, and household cleaners for scent enhancement. Additionally, it has limited use in research as a reference compound in chromatographic studies.