Octyl acetate is an ester of acetic acid and octanol. Octyl acetate is the principal constituent of high quality frankincense (60% min).
It has a unique orangish jasmine-like scent and is primarily used as a fragrance for soap, massage oils, air fresheners, gels, etc.
Industrially, it is used as a specialty solvent resins, waxes, oils, and nitrocellulose.