This chemical is primarily utilized in the production of fragrances and flavoring agents due to its aromatic properties. It serves as a key intermediate in the synthesis of various perfumes, providing a fresh and woody scent. Additionally, it is used in the formulation of cosmetics and personal care products, enhancing their olfactory appeal. In industrial applications, it acts as a precursor in the manufacturing of polymers and resins, contributing to the development of durable materials. Its versatility also extends to the pharmaceutical industry, where it is employed in the synthesis of certain active ingredients.