Used primarily as an intermediate in organic synthesis, this compound serves in the production of pharmaceuticals, agrochemicals, and specialty esters. Its reactivity allows for the introduction of propionate groups or chlorinated alkyl chains in multi-step reactions. It is also utilized in the development of fragrances and flavoring agents due to its ester functionality and volatility. Additionally, it can act as a building block in polymer chemistry for modifying resin properties or enhancing solubility in coating formulations.