Used primarily as a fragrance ingredient in cosmetics and perfumes due to its fruity, floral, and slightly waxy odor profile. It is valued in flavor formulations for imparting a sweet, fruity note, often resembling apple or pear, making it suitable for use in food flavorings. Also employed in the synthesis of specialty esters and as a solvent or plasticizer additive in certain industrial applications where mild volatility and good solubility are required.