Used primarily in the synthesis of fragrance and flavor compounds due to its ability to form esters with pleasant odors. Commonly employed in the production of perfumes, cosmetics, and scented consumer products. Serves as a building block for lactones and other intermediates in organic synthesis. Also utilized in the development of antimicrobial agents and pharmaceuticals owing to its functional reactivity. Finds application in polymer chemistry as a monomer for specialty resins and coatings.