This compound is primarily utilized in the synthesis of fragrances and flavoring agents due to its aromatic properties. It serves as an intermediate in the production of various perfumes and scented products, imparting a pleasant, floral, and slightly woody aroma. Additionally, it is employed in the development of pharmaceutical compounds, particularly in the creation of active ingredients for medications targeting neurological and cardiovascular conditions. Its chemical structure allows it to interact effectively with biological systems, making it valuable in drug design and research. Furthermore, it is used in organic synthesis to create more complex molecules for industrial and laboratory applications.