This compound is primarily utilized in the synthesis of fragrances and flavoring agents due to its aromatic properties. It serves as an intermediate in the production of various perfumes, imparting a floral and slightly woody scent. Additionally, it is used in the formulation of certain cosmetic products to enhance their olfactory appeal. In the pharmaceutical industry, it may be employed as a building block for the development of specific organic compounds with potential therapeutic applications. Its stability and reactivity make it a valuable component in organic synthesis processes.