Used primarily as an intermediate in organic synthesis, especially in the preparation of pharmaceuticals and agrochemicals. It serves as a building block in the development of active ingredients. Its ester derivatives are employed in fragrance formulations due to their pleasant, fruity odors, making them valuable in the flavor and fragrance industry. Additionally, it finds use in the synthesis of polymers and specialty esters that act as green solvents or plasticizers with low volatility and improved environmental profiles.