This compound is primarily utilized in the synthesis of fragrances and flavoring agents due to its pleasant, fruity odor. It serves as an intermediate in the production of various esters that are commonly used in perfumes, cosmetics, and food flavorings. Additionally, it finds application in the pharmaceutical industry as a precursor in the synthesis of certain active pharmaceutical ingredients (APIs). Its chemical structure allows it to act as a building block in organic synthesis, contributing to the development of more complex molecules. In industrial settings, it is also employed in the formulation of specialty chemicals and coatings, where its properties enhance product performance.