Used as an intermediate in organic synthesis, particularly in the pharmaceutical industry for the preparation of active pharmaceutical ingredients. It serves as a building block in the development of central nervous system agents due to its ability to cross the blood-brain barrier. Also employed in fragrance formulations for its pleasant, long-lasting odor profile, making it valuable in perfumery and flavoring applications. Its ketone functional group allows for derivatization into alcohols, alkenes, or amines, expanding its utility in synthetic routes.