Used primarily in organic synthesis, this compound serves as a key intermediate in the production of fragrances and flavoring agents. Its structure allows it to participate in various chemical reactions, making it valuable for creating complex molecules in the pharmaceutical industry. Additionally, it is employed in the development of agrochemicals, contributing to the synthesis of pesticides and herbicides. Its ester group makes it suitable for applications in polymer chemistry, where it can be used to modify or enhance the properties of certain materials.