Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavoring agents due to its characteristic mild, fruity odor. It serves as a building block in the preparation of more complex molecules in the perfume industry. Also employed as a solvent or modifier in specialty coatings and polymer systems where slow evaporation and good solvency are required. Its stability and low reactivity make it suitable for use in controlled chemical reactions and as a component in laboratory reagents.