This chemical is primarily used in the synthesis of various organic compounds, particularly in the production of fragrances and flavoring agents. Its structure makes it a valuable intermediate in creating esters that contribute to fruity or floral scents. Additionally, it serves as a building block in the development of specialty chemicals for the pharmaceutical industry, where it aids in the formulation of active ingredients. Its application extends to polymer chemistry, where it is utilized in the modification of resins and coatings to enhance their properties.