Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and fine chemicals. Its aldehyde functionality allows for transformations such as reductions, oxidations, and condensation reactions, making it valuable in building complex molecular structures. It is also employed in the synthesis of fragrances and flavoring agents due to its aromatic character and reactivity. Additionally, it can act as a precursor in the production of agrochemicals and specialty polymers.