Used as a flavoring agent in the food industry, it imparts a sweet, caramel-like aroma to various products. In the fragrance industry, it serves as a key ingredient in perfumes and cosmetics due to its pleasant, fruity scent. It is also utilized in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Additionally, it acts as an intermediate in organic synthesis, contributing to the production of more complex chemicals. Its versatility makes it valuable in research and industrial applications.