This compound is widely used in the fragrance and flavor industry due to its pleasant fruity and floral aroma. It serves as a key ingredient in the formulation of perfumes, cosmetics, and personal care products, adding a sweet and balsamic note to the scent profile. Additionally, it is utilized in the food industry to enhance the flavor of various products, such as baked goods, candies, ice cream, and beverages, by imparting a fruity and berry-like taste. In synthetic chemistry, it also serves as an intermediate for producing more complex substances. Its versatility and appealing sensory characteristics make it a valuable component in creating complex and desirable aromas and flavors.