Used primarily as an intermediate in organic synthesis, this compound serves in the production of fragrances and flavorings due to its ability to participate in condensation reactions that form complex aroma molecules. It is also employed as a solvent or additive in coatings and resins, improving flow and finish properties. In specialized chemical manufacturing, it acts as a protecting group reagent for aldehydes during multi-step syntheses. Its reactivity and stability under moderate conditions make it suitable for use in pharmaceutical intermediates and agrochemicals.