Used in organic synthesis as a key intermediate for producing various compounds, including pharmaceuticals, agrochemicals, and specialty chemicals. It is particularly valuable in the preparation of styrene derivatives, which are essential in polymer and resin manufacturing. The compound is also employed in the development of dyes, fragrances, and flavoring agents due to its reactive aldehyde and vinyl groups. Additionally, it serves as a building block in the creation of complex organic molecules for research and industrial applications.