Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavor compounds. It serves as a protecting group for carbonyl functionalities during multi-step syntheses due to its ability to form acetals with aldehydes and ketones. Commonly employed in the pharmaceutical industry for the preparation of active pharmaceutical ingredients where selective reactions are required. Also utilized as a solvent or processing aid in specialty coatings and resins, contributing to improved stability and performance. Its volatility and reactivity make it suitable for use in controlled release systems and as a reagent in esterification and transesterification reactions.