Used as a precursor in the synthesis of various pharmaceuticals, including anticoagulants and lipid-lowering agents. Employed in the fragrance industry for the preparation of perfumes due to its sweet, floral aroma. Serves as an intermediate in the production of cosmetics and skincare products, particularly for its antimicrobial and UV-absorbing properties. Utilized in agricultural chemicals as a building block for fungicides and plant growth regulators. Also applied in polymer chemistry to modify resin properties and enhance stability.