It has been widely used to study gaseous samples which absorb light at specific wavelengths, and in turn to determine mole fractions down to the parts per trillion level.
During this decay, light is reflected back and forth thousands of times between the mirrors giving an effective path length for the extinction on the order of a few kilometers.
A CRDS setup measures how long it takes for the light to decay to 1/e of its initial intensity, and this "ringdown time" can be used to calculate the concentration of the absorbing substance in the gas mixture in the cavity.
This is one reason for the increased sensitivity over traditional absorption spectroscopy, as the technique is then immune to shot-to-shot laser fluctuations.
In absorption measurements, the smallest amount that can be detected is proportional to the length that the light travels through a sample.
For example, a laser pulse making 500 round trips through a 1-meter cavity will effectively have traveled through 1 kilometer of sample.