Used as an intermediate in the synthesis of fragrances and flavor compounds due to its cyclic ether structure with a hydroxymethyl group that can undergo esterification or oxidation. Its structural features make it suitable for creating oxygen-containing heterocyclic compounds in aroma chemicals. Also employed in the development of agrochemicals and pharmaceuticals where a functionalized tetrahydrofuran scaffold is required. The alcohol functionality allows for easy derivatization, making it valuable in organic synthesis for building more complex molecules.