Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex molecules. Its structure, featuring both ester and dioxane groups, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). It is also employed in research settings to study chemical reactions involving carbonyl compounds and amino groups, aiding in the exploration of new reaction pathways. Additionally, its derivatives may find applications in the creation of dyes or pigments due to the presence of aromatic and conjugated systems.