This chemical is primarily used in organic synthesis as a reagent for the preparation of various organic compounds. It is particularly valuable in the Wittig reaction, where it facilitates the formation of alkenes by reacting with aldehydes or ketones. The (1,3-dioxolan-2-yl)methyl group in the compound acts as a protecting group for carbonyl functionalities, allowing selective reactions to occur without interference. Additionally, it is employed in the synthesis of complex molecules, including pharmaceuticals and natural products, due to its ability to introduce specific functional groups into target molecules. Its stability and reactivity make it a useful tool in the development of new chemical entities and materials.