This chemical is primarily used in the synthesis of organic compounds, particularly in the production of fragrances and flavoring agents. Its structure makes it suitable for creating complex molecules that contribute to unique scents and tastes. Additionally, it serves as an intermediate in the manufacture of pharmaceuticals, where it aids in the development of active ingredients for various medications. In industrial applications, it is utilized in the formulation of specialty chemicals, including coatings and adhesives, due to its reactivity and stability. Its role in research and development is also significant, as it helps in studying reaction mechanisms and designing new chemical entities.