Used as a solvent and chemical intermediate in organic synthesis, particularly in the production of fine chemicals and pharmaceuticals. It is valued for its ability to stabilize reactive compounds and act as a protecting group for carbonyl functionalities during multi-step syntheses. Due to its cyclic acetal structure, it enhances solubility and compatibility in various reaction systems. It also finds use in the formulation of specialty coatings and adhesives where low toxicity and moderate volatility are required.