Used primarily in the synthesis of fragrances and flavoring agents, it contributes to the creation of complex aromatic profiles in perfumes and food products. It serves as an intermediate in the production of pharmaceuticals, where it aids in the development of active compounds. Additionally, it is employed in organic synthesis to produce dyes and other specialty chemicals, leveraging its unique structure to facilitate specific reactions. Its role in research and development is significant, particularly in the study of organic chemistry and material science.