This compound is primarily utilized in the synthesis of fragrances and flavoring agents due to its aromatic properties. It serves as an intermediate in the production of various perfumes, contributing to the creation of floral and sweet scents. Additionally, it is employed in the development of certain pharmaceutical compounds where its structural properties are beneficial. In organic synthesis, it acts as a building block for more complex molecules, particularly in the preparation of fine chemicals and specialty materials. Its applications also extend to research and development, where it is used to study chemical reactions and pathways in organic chemistry.