Used primarily as an intermediate in the synthesis of fragrance compounds, especially in the production of vitamin E and related tocopherols. It serves as a building block in creating complex aroma chemicals due to its alkyne and alcohol functional groups, which allow for further chemical modifications. Its structure supports the creation of long-chain isoprenoid-like molecules valued in perfumery and cosmetic formulations for stability and scent profile. Also utilized in research for developing specialty chemicals in fine organic synthesis.