Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its aldehyde functional group allows for easy modification through reactions such as reduction, oxidation, and condensation, making it valuable in building complex molecules. Commonly employed in the synthesis of heterocyclic compounds and as a building block in the development of bioactive molecules, including potential drug candidates. The benzyloxy moiety provides stability and can act as a protecting group during multi-step syntheses.