Used primarily in the production of fragrances and flavors due to its pleasant, minty, and slightly woody aroma. It serves as a key intermediate in the synthesis of various organic compounds, including agrochemicals and pharmaceuticals. In the fragrance industry, it is incorporated into perfumes, cosmetics, and personal care products to enhance scent profiles. Additionally, it finds application in the formulation of industrial solvents and cleaning agents, where its chemical properties help in dissolving oils and greases. Its stability and low toxicity make it suitable for use in a range of consumer and industrial products.