Used primarily as a reactive intermediate in organic synthesis, this compound is valuable for introducing methoxyethoxyacetyl groups into molecules. It is commonly employed in the preparation of esters and amides, especially in pharmaceutical and agrochemical synthesis where solubility and stability improvements are needed. Its ether-containing structure enhances polarity and compatibility with aqueous-organic systems, making it useful in modifying active ingredients for better bioavailability. It also finds use in polymer chemistry for side-chain functionalization, contributing to tailored solubility and reactivity in specialty polymers.