It is commonly used as an intermediate in the synthesis of various organic compounds, particularly in the production of fragrances and flavors. Its aromatic properties make it suitable for creating scents in perfumes and cosmetic products. Additionally, it serves as a building block in the development of pharmaceuticals, where it can be incorporated into more complex molecules for therapeutic applications. In industrial settings, it may also be utilized in the formulation of specialty chemicals and coatings, contributing to their stability and performance.