Used primarily as a reactive intermediate in organic synthesis, this compound serves in the production of specialty polymers, surfactants, and lubricants. Its strained ring structure allows ring-opening reactions with nucleophiles, making it valuable in creating chiral building blocks for pharmaceuticals and fine chemicals. It is also employed in synthesizing glycol ethers, which are used as solvents in coatings, inks, and cleaning formulations. Due to its chirality, it plays a role in asymmetric synthesis where stereochemical control is critical. Additionally, it can function as a mild alkylating agent in industrial processes.