Used primarily in the flavor and fragrance industry, this compound is valued for its ability to impart a roasted, nutty aroma, making it a key ingredient in the formulation of food flavorings, especially for meat and snack products. It also finds application in the synthesis of pharmaceuticals, where it serves as an intermediate in the production of various active compounds. Additionally, its unique chemical structure makes it useful in research settings for studying reaction mechanisms and developing new synthetic pathways.