Used in the fragrance industry as a key ingredient in creating floral and musky scents for perfumes and cosmetics. It acts as a fixative, enhancing the longevity of fragrances on the skin. Also employed in the formulation of air fresheners and household products to provide a pleasant and lasting aroma. In research, it serves as a chemical intermediate for synthesizing more complex organic compounds. Additionally, it finds application in the development of specialty chemicals for industrial use.