* Limits access to the trunk: The valet key won't unlock the trunk.
* May limit access to the glove compartment: Depending on the specific model and whether any additional security options were added, the valet key may or may not open the glove box.
* Allows starting the car: The primary function is to allow someone else to drive the car (like a valet) without giving them full access to everything inside.
It *does not* provide access to the radio presets, personal settings, or other personalized information stored in the car's memory. The intention is to provide limited access for security reasons.