Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavor compounds. Its cyclic structure and ester functionality make it valuable in constructing more complex molecules for perfumery, where it contributes to floral and fruity scent profiles. It also serves as a building block in pharmaceutical synthesis, enabling the development of bioactive molecules. The compound’s reactivity allows for transformations such as hydrogenation, hydrolysis, and coupling reactions, making it versatile in fine chemical manufacturing.