This compound is primarily used in the synthesis of fragrances and flavoring agents due to its pleasant, woody, and slightly floral aroma. It serves as a key intermediate in the production of terpene-based chemicals, which are widely utilized in the cosmetics and food industries. Additionally, it finds application in the development of natural and synthetic essential oils, enhancing the sensory profile of various consumer products. Its structural properties also make it a valuable component in organic chemistry research, particularly in studies related to cyclic terpenes and their derivatives.