Used as an intermediate in the synthesis of fragrances and flavor compounds due to its pleasant, minty-woody odor. It is valued in perfumery for adding freshness and enhancing longevity in scent formulations. Also employed in the production of agrochemicals and pharmaceuticals where a stable, lipophilic alcohol moiety is required. Its stereochemistry and bulky tert-butyl group make it useful in chiral synthesis and as a building block in fine chemicals.