Used primarily in the fragrance and flavor industry, this compound contributes to the creation of aromatic profiles in perfumes and scented products. Its unique chemical structure allows it to act as a fixative, enhancing the longevity of fragrances on the skin. Additionally, it is utilized in the synthesis of certain organic compounds, serving as an intermediate in the production of more complex molecules. In research and development, it is employed to study esterification processes and the effects of substituents on aromatic compounds. Its applications also extend to the formulation of specialty chemicals used in various industrial processes.