This chemical is primarily used in the formulation of fragrances and personal care products due to its ability to impart a unique, long-lasting scent. It acts as a fixative, enhancing the stability and longevity of fragrances in perfumes, lotions, and soaps. Additionally, it is employed in the production of specialty chemicals where its ester properties are utilized for creating specific textures or effects in cosmetic formulations. Its application extends to industrial settings as well, where it serves as an intermediate in the synthesis of more complex organic compounds.