Primarily used in the synthesis of esters, which are valuable in the production of flavors and fragrances due to their pleasant, fruity aromas. It serves as a key intermediate in organic synthesis, particularly in the development of complex molecules for pharmaceuticals and agrochemicals. Additionally, it is utilized in the manufacture of lubricants and plasticizers, where its chemical structure enhances performance and stability. In research, it is employed as a standard or reference compound in analytical chemistry for method development and calibration.