This chemical is primarily used as a versatile intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a building block for the development of complex molecules, including potential drug candidates, due to its tetrahydrofuran ring structure, which is a common motif in bioactive compounds. Additionally, it finds application in the synthesis of agrochemicals and specialty chemicals, where its unique structure contributes to the creation of compounds with specific biological or functional properties. Its ester group also makes it a useful reagent in esterification and transesterification reactions in various industrial processes.