Used primarily as an intermediate in organic synthesis, particularly in the fragrance and pharmaceutical industries. It serves as a building block for the preparation of esters and other derivatives that contribute to fruity, floral aroma profiles in perfumery. Its structure allows for easy modification, making it valuable in synthesizing specialty chemicals and active pharmaceutical ingredients. Due to its stability and reactivity under controlled conditions, it is also employed in the production of plasticizers and UV absorbers in certain polymer systems.