Used primarily as a solvent and intermediate in organic synthesis, this compound finds application in the production of specialty chemicals and fragrances. Its stable cycloalkane structure makes it suitable as a reaction medium in certain industrial processes where non-polar environments are needed. It is also utilized in research settings for studying stereochemistry and conformational analysis due to the presence of cis and trans isomers. Additionally, it can serve as a model compound in fuel studies, contributing to the understanding of combustion characteristics in cyclic hydrocarbons.