Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its functional groups—hydroxyl and ester—allow for selective transformations such as oxidation, reduction, and esterification. Commonly employed in the synthesis of bioactive molecules, including steroids and prostaglandins, due to its cyclic structure and stereochemical versatility. Also utilized in fragrance and flavor synthesis where cyclohexene derivatives contribute to desired olfactory properties. Its reactivity profile makes it suitable for ring-opening and annulation reactions in complex molecule construction.