Used as an intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It serves as a building block for the preparation of heterocyclic compounds and active pharmaceutical ingredients due to its reactive aldehyde functionality protected as an acetal. The compound is also employed in the synthesis of specialty chemicals, including fragrances and flavoring agents, where controlled release of the aldehyde group is required. Its stability under various reaction conditions makes it suitable for multi-step synthetic routes.