Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of fragrances and flavoring agents due to its mild, characteristic odor. It is also employed as a solvent in specialty applications where moderate evaporation rates and low polarity are required. In research settings, it functions as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its structural features make it useful in studying reaction mechanisms involving tertiary alcohols.