Used as a key intermediate in organic synthesis, particularly in the preparation of functionalized polymers and crosslinking agents. Its dual dioxolane groups enable selective protection of carbonyl functionalities during multi-step reactions, making it valuable in pharmaceutical synthesis. It is also employed in the development of electrolyte additives for lithium-ion batteries, where it helps improve cycle life and stability by forming a protective solid-electrolyte interphase (SEI) layer on electrode surfaces. Additionally, it serves as a building block in the creation of specialty resins and coatings requiring enhanced thermal and chemical resistance.