This chemical is primarily used in the synthesis of fragrances and flavoring agents due to its unique aromatic properties. It serves as a key intermediate in the production of various perfumes and scented products, contributing to the creation of fresh, woody, or musky notes. Additionally, it is utilized in organic synthesis for the development of complex molecules in the pharmaceutical and agrochemical industries. Its stability and reactivity make it a valuable component in research and industrial applications, particularly in the development of specialty chemicals and advanced materials.