This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. It serves as a key building block in the creation of fragrances and flavoring agents, contributing to the development of unique aromatic profiles. Additionally, it is employed in polymer chemistry as a monomer or co-monomer, aiding in the production of specialized resins and coatings with enhanced properties. Its reactivity also makes it valuable in pharmaceutical research for the development of novel drug candidates.