Used primarily as an intermediate in the synthesis of fragrances and flavor compounds due to its stable cyclic structure and ability to mimic natural terpene-like aromas. It is also employed in the production of specialty polymers and resins, where it contributes to improved thermal stability and mechanical properties. Additionally, it finds use in the formulation of agrochemicals as a building block for more complex active ingredients. Its low volatility and resistance to oxidation make it suitable for long-lasting scent applications in perfumes and consumer products.