This compound is commonly used as an acylating agent in organic synthesis, particularly for introducing the heptanoyl group into various molecules. It is often employed in the modification of peptides and proteins, where it helps in the acylation of amino groups, enhancing their stability or altering their biological activity. Additionally, it finds application in the preparation of esters and amides, serving as an intermediate in the production of pharmaceuticals and specialty chemicals. Its reactivity with nucleophiles makes it valuable in cross-coupling reactions and polymer chemistry, where it contributes to the development of advanced materials.