This compound is widely utilized in the fragrance and flavor industry due to its pleasant aroma, which resembles vanilla and spice. It is often incorporated into perfumes, cosmetics, and personal care products to impart a warm, sweet scent. Additionally, it serves as a key ingredient in food flavorings, enhancing the taste of baked goods, confectioneries, and beverages. Its antioxidant properties also make it valuable in certain pharmaceutical formulations, where it helps stabilize active ingredients and extend shelf life. In research, it is studied for its potential bioactive properties, including anti-inflammatory and antimicrobial effects.