Used primarily in organic synthesis, it serves as a key intermediate for producing various compounds, including surfactants, fragrances, and pharmaceuticals. It is particularly valuable in the preparation of esters and amides through acylation reactions. In the fragrance industry, it contributes to the creation of long-lasting scents due to its ability to form stable derivatives. Additionally, it is employed in the modification of polymers and resins to enhance their properties. Its reactivity with nucleophiles makes it a versatile reagent in laboratory and industrial settings.