This compound is primarily utilized in the synthesis of flavor and fragrance ingredients due to its unique aromatic properties. It serves as a key intermediate in the production of compounds that impart sweet, caramel-like, or roasted notes, making it valuable in the food and beverage industry for enhancing flavors. Additionally, it finds application in the development of perfumes and cosmetics, where its distinct scent profile contributes to the creation of complex and appealing fragrances. Its role in organic synthesis also extends to the production of pharmaceuticals, where it can be used as a building block for more complex molecules.