Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients requiring amine functionality. Its cyclic acetal structure provides protection for diol groups while enabling selective reactions at the amine, making it valuable in creating compounds for central nervous system agents and antiviral drugs. Also employed in agrochemicals for the production of herbicides and fungicides due to its stability and reactivity profile. Serves as a building block in medicinal chemistry for structure-activity relationship (SAR) studies.