Used primarily as an intermediate in organic synthesis, especially in the production of fragrances and flavoring agents due to its fruity, citrus-like odor. It serves as a building block in the manufacture of alcohols, aldehydes, and other oxygenated compounds used in perfumery. Also employed in research and development for studying reaction mechanisms involving alkenes, such as hydroformylation and hydrogenation reactions. Its reactivity makes it suitable for use in polymerization studies and as a reagent in specialty chemical synthesis.