Used as an intermediate in the synthesis of various organic compounds, particularly in the production of fragrances and flavors due to its unique structural properties. It plays a role in the development of perfumes, imparting fresh and woody notes. Additionally, it is utilized in the pharmaceutical industry for the synthesis of certain drugs, contributing to the creation of active pharmaceutical ingredients. Its application extends to agrochemicals, where it aids in the formulation of pesticides and herbicides. The compound’s stability and reactivity make it valuable in research and industrial processes.