Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals and fine chemicals. Its structure allows for further functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of cyclohexane derivatives, which are crucial in the manufacture of polymers, coatings, and adhesives. Its ester group provides reactivity for crosslinking or polymerization processes, enhancing material properties in industrial applications.