Used in the synthesis of various organic compounds, particularly in the production of fragrances and flavors due to its citrusy aroma. It serves as a key intermediate in the manufacture of pharmaceuticals, including active ingredients for anti-inflammatory and antimicrobial drugs. Additionally, it is employed in the creation of specialty chemicals for the polymer industry, where it acts as a building block for biodegradable plastics and resins. Its epoxide group makes it valuable in chemical reactions for creating adhesives, coatings, and other industrial materials.