This chemical is primarily used in the synthesis of organic compounds, particularly in the production of fragrances and flavoring agents. Its structure makes it a valuable intermediate in creating complex aromatic molecules that are essential in the perfume industry. Additionally, it is utilized in the development of pharmaceuticals, where it serves as a building block for active ingredients in various medications. The compound's unique properties also make it suitable for research applications in organic chemistry, aiding in the study of reaction mechanisms and the development of new synthetic pathways.