This compound is primarily utilized in the synthesis of fragrances and flavors due to its pleasant aromatic properties. It serves as a key intermediate in the production of various perfumes, imparting a sweet and floral scent. Additionally, it is used in the creation of flavoring agents for food and beverages, enhancing taste profiles with its unique characteristics. In the pharmaceutical industry, it acts as a building block for the development of certain drugs, particularly those targeting neurological conditions. Its versatility also extends to organic synthesis, where it is employed in the preparation of more complex chemical structures.