Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of complex fragrance molecules due to its alcohol functionality and alkene group. Its structure allows for further chemical modifications, making it valuable in the development of aroma chemicals and specialty esters for the flavor and fragrance industry. The presence of both hydroxyl and double bond sites enables reactions such as esterification, hydrogenation, or oxidation to tailor desired olfactory properties. It is also explored in research settings for synthesizing bioactive analogs and functionalized alcohols.