Used primarily as a stable source of formaldehyde, it is employed in the production of resins, plastics, and adhesives. In the polymer industry, it serves as a key component in the synthesis of polyoxymethylene plastics, which are valued for their high strength and rigidity. Additionally, it acts as a fuel tablet in camping stoves due to its clean-burning properties. In organic synthesis, it is utilized as a convenient reagent for introducing formaldehyde in various chemical reactions. Its stability and ease of handling make it a preferred choice in industrial and laboratory settings.