This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of fragrances and flavors. Its structure makes it a valuable intermediate in creating complex molecules that contribute to the scent profiles of perfumes and food additives. Additionally, it is employed in the development of certain pharmaceuticals, where it serves as a building block for active ingredients. In industrial applications, it is sometimes used as a solvent or a component in specialty chemical formulations. Its versatility in organic synthesis makes it a useful compound in both research and commercial settings.