This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is valuable in the development of fragrances and flavoring agents due to its ester functional group, which contributes to pleasant aromas. Additionally, it can be utilized in the synthesis of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) where specific structural motifs are required. Its application also extends to research and development in academic and industrial laboratories for exploring new chemical reactions and pathways.