Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavoring agents due to its alcohol and olefin functional groups. Its cyclic and unsaturated structure makes it valuable in constructing complex molecules for perfumery, where it contributes to floral or fruity notes. Also employed in the development of pharmaceuticals and agrochemicals as a building block for more complex bioactive compounds. The presence of both hydroxyl and double bond allows for diverse chemical modifications, including oxidation, reduction, and coupling reactions.