Used as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds and pharmaceuticals. Its aldehyde and amide functionalities allow for diverse chemical transformations, such as cyclization reactions to form benzoxazoles or other fused ring systems. Commonly employed in the development of bioactive molecules, including potential antimicrobial or anti-inflammatory agents. Also utilized in the synthesis of dyes and fluorescent probes due to its ability to undergo condensation reactions with amines and hydrazines.