Used in the fragrance industry for its sweet, floral, and slightly spicy aroma, often found in perfumes and scented products. Serves as a flavoring agent in food due to its pleasant aromatic profile. Also acts as an intermediate in organic synthesis, particularly in the production of more complex aromatic compounds for pharmaceuticals and agrochemicals. Its allyl group allows for further chemical modifications through reactions like cyclization and oxidation, making it valuable in research and development of new chemical entities.