This chemical is primarily used as an intermediate in the synthesis of various organic compounds. It finds application in the production of fragrances and flavoring agents due to its ability to impart unique aromatic properties. Additionally, it is utilized in the manufacture of certain polymers and resins, where it acts as a building block to enhance specific material characteristics. In the pharmaceutical industry, it serves as a precursor in the development of active pharmaceutical ingredients (APIs) for various therapeutic drugs. Its versatile structure also makes it valuable in research and development for creating novel chemical entities with potential industrial or medicinal applications.