Used primarily as a fragrance ingredient in perfumery and scented products due to its waxy, floral, and slightly fruity odor profile. It contributes to the formulation of soaps, detergents, cosmetics, and personal care products where a subtle, long-lasting scent is desired. Also found in flavor compositions for food products, where it adds creamy, buttery, or fatty notes in trace amounts. Occasionally used in research settings as a reference compound or intermediate in organic synthesis.