This compound is primarily used in the synthesis of fragrances and flavoring agents due to its unique bicyclic structure, which contributes to its distinct aroma. It is often incorporated into perfumes, colognes, and scented products to provide a fresh, pine-like scent. Additionally, it serves as an intermediate in organic synthesis, particularly in the production of terpenes and other complex organic molecules. Its stability and reactivity make it a valuable component in the development of specialty chemicals for the fragrance and flavor industry.