Used primarily as a solvent and intermediate in organic synthesis, this compound is valued for its stability and reactivity in esterification processes. It serves in the production of pharmaceuticals, agrochemicals, and specialty esters due to its ability to participate in condensation reactions. Its steric hindrance from the bulky tert-butyl-like group makes it useful in controlled reactions where selective reactivity is required. Additionally, it finds use in fragrance formulations for its mild ester odor and solvency properties.