This chemical is primarily used in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its ability to act as a building block in complex molecular structures. Additionally, it finds application in the creation of fine chemicals, where it serves as a key intermediate. Its unique structure, featuring a protected diol functionality, makes it valuable in organic synthesis for pharmaceuticals and materials science, including potential uses in polymer modification. Furthermore, it is utilized in research and development for exploring new chemical reactions and pathways.