Used primarily in organic synthesis, this chemical serves as a key reagent for introducing acetyl groups into various compounds. It is particularly valuable in the production of polymers and resins, where it enhances thermal stability and mechanical properties. Additionally, it is employed in the synthesis of specialty chemicals, including pharmaceuticals and agrochemicals, where it acts as an intermediate in complex reactions. Its reactivity with alcohols and amines makes it useful in creating esters and amides, which are foundational in many industrial applications.