Used primarily as a flavoring agent in the food industry, this compound contributes fruity and floral notes, often found in artificial fruit flavors. It is also utilized in the fragrance industry for creating perfumes and scented products due to its pleasant aroma. Its ester functionality makes it suitable for use in low-concentration formulations where mild, sweet, and slightly waxy scents are desired. Additionally, it may serve as an intermediate in organic synthesis for producing other ester-based compounds.