This chemical is primarily utilized in the fragrance and flavor industry due to its unique aromatic properties. It is often incorporated into perfumes and scented products to impart a warm, musky, and slightly sweet aroma, enhancing the overall sensory experience. In the food industry, it is used as a flavoring agent to add depth and complexity to various products, particularly in baked goods, confectioneries, and beverages. Its stability and compatibility with other ingredients make it a valuable component in formulations requiring long-lasting and consistent fragrance or flavor profiles. Additionally, it is sometimes explored in research for its potential applications in organic synthesis and as an intermediate in the production of more complex chemical compounds.