Used primarily as an intermediate in the synthesis of flavor and fragrance compounds. Its long alkyl chain contributes to enhanced lipophilicity, making it suitable for incorporation into perfumery bases where sustained release of aroma is desired. Also explored in agrochemical formulations for its potential as a carrier molecule due to its stability and solubility characteristics. Shows mild antimicrobial activity, prompting research into its use as a preservative in cosmetic and personal care products.