This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of fragrances and flavoring agents. Its structure makes it a valuable intermediate in the creation of complex molecules used in the perfume industry, where it contributes to the development of unique and long-lasting scents. Additionally, it plays a role in the pharmaceutical sector, serving as a building block for the synthesis of certain active pharmaceutical ingredients (APIs). Its application extends to research and development, where it is used in the study of chemical reactions and the development of new synthetic pathways.