Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antidiabetic drugs such as sodium-glucose co-transporter 2 (SGLT2) inhibitors. Its structure allows for selective functionalization, making it valuable in building complex heterocyclic systems. Commonly employed in organic synthesis to introduce the tetrahydropyran scaffold, which is prevalent in bioactive molecules. Also utilized in the development of agrochemicals and specialty chemicals due to its reactivity and stability under various transformation conditions.