Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of fragrances and flavoring agents due to its ester functionality and stable ring structure. Its reactivity allows for further transformations, such as hydrogenation or hydrolysis, making it valuable in the development of perfumery chemicals and specialty esters. It is also employed in the synthesis of pharmaceuticals where a cyclohexyl backbone with a functionalized side chain is required. Its mild, pleasant odor makes it suitable for use in cosmetic formulations and aromatic products.