Used primarily as an alkylating agent in organic synthesis, enabling the introduction of acetoxymethyl groups to various substrates. It is particularly useful in the preparation of esters and ethers in pharmaceutical and agrochemical intermediates. Due to its reactivity, it facilitates the formation of carbon-oxygen and carbon-nitrogen bonds under mild conditions. Commonly employed in the synthesis of protected alcohols and in the modification of nucleosides and carbohydrates. Its volatility and lachrymatory properties require careful handling in controlled environments.