Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its cyclic acetal structure makes it valuable in protecting group chemistry, particularly in the stabilization of carbonyl compounds during multi-step syntheses. It is also employed in the production of specialty polymers and surfactants due to its ability to modify hydrophilicity and enhance stability. Additionally, it serves as a building block in the preparation of fragrances and flavoring agents, where its structural rigidity influences sensory properties.