Used primarily in the fragrance industry as a natural aroma compound, providing a rich, amber-like scent with woody and tobacco nuances. Commonly found in perfumes, soaps, and cosmetics for its long-lasting olfactory properties. Also serves as a key starting material in the synthesis of synthetic ambergris substitutes, which are highly valued in perfumery for their fixative qualities. Exhibits antimicrobial properties, making it useful in some natural preservative systems. Investigated for potential anti-inflammatory and anticancer activities in pharmaceutical research, though not yet used in commercial drugs.