Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and fine chemicals. Its structure allows for functional group transformations useful in building complex molecules. It is particularly valuable in the synthesis of cyclohexyl-containing bioactive compounds, including potential central nervous system agents. The hydroxy and ketone groups provide sites for further chemical modification, making it suitable for use in condensation reactions, reduction pathways, and heterocycle formation. It may also serve as a building block in the development of fragrances and specialty polymers due to its rigid cycloaliphatic framework and aromatic component.