Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its nitrile and dioxolane functional groups allow for versatile transformations, including carbon chain elongation and heterocycle formation. Commonly employed in the synthesis of bioactive molecules where a protected carbonyl or functionalized acetonitrile moiety is required. Also utilized in the development of specialty chemicals due to its reactivity in nucleophilic addition and cyclization reactions.