Do you grow any sort of vegetable at all? It would be good for any of that, and especially if you have room for a compost pile you can always pour it there. The smell of it in a compost pile I wouldn't worry about.
Beyond that, you can always ask around if anyone such as your neighbor wants it, or, you can just trash it. But, I'd personally never trash it. It's gotta have some use.
compost... i know they say not to add meat to a compost pile... so we always keep a seperate pile just for butchering... cover it with about a foot of sawdust and there isent even any smell... about once a year sift it and add what ever goes threw the sifter to the normal compost pile... a few bones wont be composted yet they go back to start the next butcher compost pile... then u add the compost to the garden