Used primarily in the flavor and fragrance industry, this compound imparts a sweet, caramel-like aroma, making it valuable in creating food flavorings and perfumes. It is often incorporated into products like baked goods, confectionery, and beverages to enhance their taste and scent profiles. Additionally, it serves as an intermediate in organic synthesis for producing more complex chemical compounds. Its unique properties also make it suitable for use in research and development of new aromatic formulations.