Used primarily as an intermediate in organic synthesis, especially in the production of pharmaceuticals and fine chemicals. It serves as a building block for the preparation of certain analgesics and anti-inflammatory agents due to its ability to undergo selective transformations at the ester and carbonyl functional groups. Its structure allows for easy modification in multi-step syntheses, making it valuable in developing active pharmaceutical ingredients. Additionally, it finds use in fragrance chemistry, contributing to the creation of complex floral and fruity aroma profiles in perfumery and flavoring applications.