Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its bromoethyl group allows for further alkylation or substitution reactions, making it valuable in constructing complex molecules. Commonly employed in the development of active pharmaceutical ingredients where a protected carbonyl functionality is needed, as the dioxolane ring acts as a protecting group for ketones or aldehydes during synthesis. Also utilized in the production of specialty monomers and functionalized polymers due to its reactive handle and stability under various reaction conditions.