This chemical is primarily used in organic synthesis as a versatile intermediate. It is particularly valuable in the production of specialty chemicals and pharmaceuticals, where it serves as a building block for more complex molecules. Its structure allows it to act as a protective group for alcohols or phenols during chemical reactions, ensuring selective transformations. Additionally, it finds application in the development of liquid crystals and advanced materials due to its ability to modify physical properties like solubility and thermal stability. In research, it is often employed in the study of sulfonate ester chemistry, aiding in the understanding of reaction mechanisms and the design of new synthetic pathways.