Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the preparation of cyclohexane and cyclohexene derivatives that are valuable in pharmaceutical and agrochemical research. Its structure allows for functional group transformations, making it useful in building complex molecules. It is also employed in the synthesis of bioactive compounds, including analogs studied for central nervous system activity. Additionally, it finds use in fragrance chemistry due to its stable cyclic framework and ester functionality, contributing to long-lasting scent profiles in perfumery applications.