Used primarily as an intermediate in organic synthesis, this compound serves in the production of fragrances and flavoring agents due to its volatile, unsaturated hydrocarbon nature. Its structure allows for selective reactions, such as hydrogenation or epoxidation, making it useful in creating specialty chemicals for perfumery and aroma chemicals. Additionally, it may be employed as a reagent or reference standard in analytical testing and research laboratories studying alkene reactivity or isomer behavior.