This chemical is primarily used as a reagent in organic synthesis, particularly in esterification reactions. It acts as a protecting group for formyl functionalities during complex synthetic processes, ensuring selective reactions without unwanted side products. Its application is crucial in the production of pharmaceuticals, where precise control over molecular structure is essential. Additionally, it is employed in the synthesis of fine chemicals and intermediates, contributing to the development of advanced materials and specialty compounds. Its stability and reactivity make it a valuable tool in laboratories and industrial settings for achieving high-purity products.