Used as a solvent and chemical intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. Its ester and acetal functional groups make it suitable for use in controlled reactions where protection of carbonyl groups is needed. It also serves as a building block in the preparation of specialty monomers and polymers, contributing to the development of coatings and resins with improved stability and solubility. Additionally, it finds application in the fragrance industry due to its ability to stabilize and deliver aromatic compounds.