Used primarily in the fragrance and flavor industry, it serves as an intermediate in the synthesis of various aromatic compounds. Its unique structure contributes to the creation of complex scents, often found in perfumes and cosmetics. Additionally, it is employed in organic synthesis to produce specialty chemicals and pharmaceuticals, where its cyclic alcohol functionality is valuable for building more complex molecular architectures. In research, it acts as a model compound for studying reaction mechanisms and properties of cyclopentane derivatives.