Used primarily as an intermediate in organic synthesis, this compound is valuable for introducing the tetrahydro-2H-pyranyl group into molecules, which is useful in the development of pharmaceuticals and agrochemicals. It is also employed in the preparation of complex organic compounds, particularly in the construction of heterocyclic structures. Additionally, it serves as a protecting group for alcohols in synthetic chemistry, enabling selective reactions in multi-step processes. Its reactivity with nucleophiles makes it a key reagent in the modification of various organic substrates.