Used as an intermediate in organic synthesis, particularly in the preparation of cyclooctyl-based pharmaceuticals and agrochemicals. Its nitrile group allows for conversion into amines, carboxylic acids, or ketones, enabling diverse functionalization. Employed in the development of specialty polymers and ligands for catalysis due to the stability and conformational properties of the cyclooctane ring. Also explored in fragrance chemistry for modifying scent persistence and volatility.