Used in the fragrance industry for its sweet, floral, and slightly fruity odor, this compound serves as a key intermediate in the synthesis of perfumes and flavorings. Its cyclic structure contributes to enhanced stability and scent longevity in cosmetic formulations. It is also employed in the preparation of macrocyclic musk compounds, which are valued in high-end perfumery for their rich, long-lasting aroma. Additionally, it acts as a building block in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals where seven-membered ring systems are required.