Acetal Formation
If there is an excess of alcohol, the hemiacetal can react with a second molecule of alcohol to give a "full" acetal.
▶ Watch the video on YouTube
The reaction is still an equilibrium, which has to be shifted by removing the water formed with a desiccant or a Dean-Stark apparatus.
Acetals can be isolated as perfectly stable compounds.
In an acetal, the former carbonyl carbon has lost the π cloud of the C=O bond and is now sp3. Hence, the acetal is much less reactive than the starting aldehyde or ketone: it withstands the attack of many nucleophiles that would easily react with a C=O double bond.
Acetal formation is therefore used to "protect" the C=O group of aldehydes and ketones (not of carboxylic acid derivatives). Look at the "Problems and exercises" to understand this protection with a very simple but enlightening example.