Used as an intermediate in organic synthesis, particularly in pharmaceutical and agrochemical industries. It serves as a building block for constructing complex molecules due to the presence of both ester and dioxolane functionalities. The compound is valuable in the preparation of bioactive compounds, including drug candidates targeting central nervous system disorders and anti-inflammatory agents. Its masked aldehyde equivalent (dioxolane group) allows for controlled release of carbonyl reactivity during multistep syntheses. Also employed in the development of novel heterocyclic compounds through cyclization or cross-coupling reactions.