Used as an intermediate in organic synthesis, particularly in the production of fragrances and pharmaceuticals. Its aldehyde and alcohol functional groups allow for versatile chemical modifications, making it valuable in creating complex molecules. Commonly employed in the synthesis of musk fragrances due to its ability to form macrocyclic structures. Also utilized in the development of active pharmaceutical ingredients where alicyclic rings with functionalized side chains are required. Its structural rigidity and reactivity profile support use in ring-closing reactions and as a building block in medicinal chemistry.