This compound is primarily utilized in the synthesis of fragrances and flavoring agents due to its pleasant, sweet, and fruity aroma. It is often incorporated into perfumes, cosmetics, and personal care products to enhance sensory appeal. Additionally, it serves as an intermediate in the production of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its chemical structure makes it a valuable building block in organic synthesis, contributing to the creation of more complex molecules in various industrial applications.