Voleneol is primarily used in the fragrance and flavor industry due to its pleasant, floral-woody aroma. It serves as a key ingredient in perfumes, soaps, and cosmetic products where a soft, long-lasting scent is desired. Its stability under various pH conditions and compatibility with other formulation components make it ideal for use in fine fragrances and functional products like detergents and fabric softeners. Additionally, Voleneol is employed as a modifier in chiral synthesis processes, contributing to the production of enantiomerically pure compounds in pharmaceutical applications.