This compound is primarily utilized in the synthesis of fragrances and flavoring agents due to its aromatic properties. It serves as a key intermediate in the production of various cosmetic and personal care products, where it contributes to pleasant scents. Additionally, it is employed in the development of pharmaceuticals, particularly in the formulation of anti-inflammatory and analgesic drugs, owing to its structural similarity to certain active pharmaceutical ingredients. Its role in organic synthesis also extends to the creation of fine chemicals used in research and industrial applications.