Used as an intermediate in the synthesis of fragrances and flavoring agents due to its ability to contribute floral and fruity notes. Its hydroxyl group allows for easy modification in organic reactions, making it valuable in creating esters and ethers for perfumery. Also employed in the development of agrochemicals and pharmaceuticals where a lipophilic alcohol moiety is needed to enhance compound stability or bioavailability. Its cyclic structure with defined stereochemistry supports use in chiral synthesis and asymmetric reactions.