This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. Its unique tetrahydronaphthalene moiety makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. Additionally, it finds application in the fragrance industry, where it contributes to the creation of aromatic substances due to its ketone functional group, which can impart specific olfactory characteristics. Its structural features also make it a candidate for research in material science, particularly in the development of organic semiconductors or other advanced materials.