Used primarily as an intermediate in the synthesis of fragrance compounds and specialty chemicals. It contributes to the creation of musk-like scents in perfumery due to its ability to be transformed into macrocyclic ketones. Also serves as a monomer or comonomer in certain polymerization processes, helping modify polymer properties such as flexibility and hydrophobicity. Additionally, it finds use in research settings for organic synthesis, particularly in reactions involving olefin metathesis or hydrogenation to produce saturated or functionalized derivatives.