Used primarily in the fragrance and flavor industry, this compound contributes to creating complex, fruity, and sweet aromas in perfumes, cosmetics, and food products. It serves as a key intermediate in organic synthesis, particularly in the production of fine chemicals and pharmaceuticals. Its ester functional group makes it valuable for formulating solvents and plasticizers in industrial applications. Additionally, it is utilized in research and development for studying reaction mechanisms and developing new synthetic pathways.