Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of flavor and fragrance components due to its ability to undergo selective transformations into more complex molecules. Its acetal functionality provides stability under basic conditions while allowing controlled release of reactive carbonyl species under acidic environments, making it valuable in multi-step synthesis where protection of functional groups is required. It is also employed in the production of pharmaceuticals and agrochemicals as a building block for constructing carbon skeletons.