Used primarily as a reagent in organic synthesis, this compound is valuable for introducing the 3-methoxypropanoyl group into various molecules. It is commonly employed in the production of pharmaceuticals, where it aids in the formation of esters, amides, and other derivatives. Its reactivity with alcohols and amines makes it useful in the development of active pharmaceutical ingredients (APIs) and intermediates. Additionally, it finds application in the synthesis of specialty chemicals, including agrochemicals and fine chemicals, where precise functional group transformations are required. Its role in acylations is particularly notable in creating complex organic structures.