This compound is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure, featuring both ester and ether functional groups, makes it a versatile building block for constructing more complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) where the tetrahydro-2H-pyran (THP) group acts as a protecting group for alcohols during multi-step synthetic processes. Additionally, it finds application in the synthesis of fine chemicals and specialty compounds, where its reactivity and stability under various conditions are advantageous. Its role in facilitating controlled reactions makes it valuable in research and industrial settings for creating targeted chemical structures.