Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its cyclic acetal structure offers stability and selectivity in reactions, making it valuable for protecting carbonyl groups during multi-step syntheses. It is also employed in the production of flavor and fragrance compounds due to its ability to act as a building block for esters and other aroma chemicals. Additionally, it serves in the synthesis of agrochemicals, where controlled functionalization is required.