Used as an intermediate in the synthesis of fragrances and flavor compounds due to its alcohol and ether functional groups, which allow for easy modification. It contributes to the creation of fruity and floral scent profiles in perfumery. Also employed in the production of specialty solvents and plasticizers where moderate polarity and good biodegradability are desired. Its structure supports use in prodrug design, where it can act as a linker or spacer to improve the delivery and release of active pharmaceutical ingredients.