This compound is primarily utilized in organic synthesis as a building block for the production of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its cyclohexane structure, which is a common motif in many drugs. Additionally, it serves as an intermediate in the synthesis of fine chemicals and specialty chemicals, including fragrances and flavoring agents. Its carboxylic acid group allows for further functionalization, making it versatile in creating esters, amides, and other derivatives. In research, it is used to study reaction mechanisms and develop new synthetic methodologies.