Used as an intermediate in organic synthesis, particularly in the production of esters for fragrances and flavorings. It serves in the formulation of specialty solvents due to its balanced polarity and volatility, making it suitable for coatings, inks, and cleaning agents. Also employed in the synthesis of pharmaceuticals where its alkoxy-acid structure acts as a building block for active ingredients. Its reactivity allows for easy modification in chemical processes, enhancing efficiency in industrial applications.