Used in the synthesis of fragrance compounds due to its stable cycloaliphatic structure and ability to act as a building block for musk-like scents. Its trans configuration enhances stereochemical stability, making it valuable in perfumery for creating long-lasting, clean, and powdery notes. Also employed in the preparation of intermediates for pharmaceuticals and agrochemicals where a rigid hydrophobic moiety is required. The acetic acid functional group allows for easy derivatization, such as esterification or amidation, facilitating integration into larger molecules.