Used in the fragrance industry as a key intermediate for the synthesis of ambroxide, a highly valued ambergris substitute in perfumery. Provides warm, woody, and ambery notes that enhance the longevity and depth of fine perfumes. Also serves as a chiral building block in organic synthesis, particularly in the development of complex natural products and pharmaceuticals. Its rigid tricyclic structure makes it useful in stereocontrolled reactions. Additionally, explored for potential bioactive properties in agricultural and pharmaceutical research due to its natural origin and structural complexity.