Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of specialty esters and fragrance components. Its acetoxy functional groups allow for selective deprotection or transformation, making it valuable in multi-step synthesis of fine chemicals. It may also find use in the development of plasticizers or stabilizers in polymer systems due to its aliphatic chain and ester moieties. Limited applications in flavor and fragrance industries are possible, where it contributes to fruity or floral notes after hydrolysis or thermal degradation. Handling requires care due to potential hydrolytic instability and sensitivity to acids and bases.