Used primarily as an intermediate in organic synthesis, this compound plays a role in the production of various pharmaceuticals and agrochemicals. It is involved in the preparation of heterocyclic compounds and can serve as a building block in the synthesis of more complex molecules. Due to its reactive aldehyde and hydroxyl groups, it participates in condensation reactions, making it useful in the development of resins and polymers. It also finds use in biochemical research, particularly in studies related to sugar chemistry and glycation reactions.