Used in the fragrance industry for its woody and amber-like aroma, this compound serves as a key intermediate in the synthesis of perfumery additives. It contributes to the stability and longevity of scents in fine fragrances and functional products such as soaps, detergents, and cosmetics. Its structural features allow for derivatization into more complex aroma molecules, making it valuable in creating natural-identical odorants. Additionally, it has been explored in research settings for its potential bioactive properties, particularly in studies related to plant growth regulation and insect pheromone systems.