There's more than one way to do it; i have found this to be the simplest:
In sum, you create an Automator application and place your applescript inside it (easier than it sounds, and it's not a hack either--there's actually a specific Automator action for this). Then when you are finished, you select "File" from the menubar, next "Save As Application", then select a location. Now check there and you'll see the newly-created Automator icon (little white robot holding a grenade launcher).
You can do anything that you would ordinarily do with this application icon--double click to open, drag it to your dock, etc.
Appstorm has created an excellent step-by-step tutorial for building an applescript-embedded automator action. On the page i linked to, the tutorial author has also supplied an Automator script that you can download and use as a template.