Used as a solvent and intermediate in organic synthesis, particularly in the production of fragrances and flavorings. It helps stabilize reactive components in formulations and is valued in the creation of acetals for perfumery due to its mild, fruity odor. Also functions as a protecting group reagent in multi-step synthesis where aldehyde functionalities need temporary masking. Its moderate volatility makes it suitable for use in coatings and specialty chemicals requiring controlled evaporation rates.