Used in the fragrance industry as a synthetic intermediate for musk compounds, providing a clean, floral, and slightly fatty odor profile. It serves as a building block in the production of macrocyclic musks due to its long carbon chain with a terminal hydroxyl group, enabling ring-closing reactions. Also utilized in flavor compositions for its subtle waxy and green notes, particularly in fruit and herbal formulations. Its structural flexibility makes it valuable in designing biodegradable fragrance molecules with improved environmental profiles.