Used in the fragrance industry as a flavor and aroma compound, particularly in perfumery for its sweet, balsamic, and slightly floral-woody scent. It serves as an intermediate in the synthesis of more complex aroma chemicals and is valued for enhancing base notes in fine fragrances. Also utilized in flavor compositions to impart subtle spicy and vanilla-like nuances in food and consumer products. Its stability and moderate volatility make it suitable for long-lasting scented products such as soaps, detergents, and cosmetics.