This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Additionally, it serves as a key building block in the creation of organic materials, including polymers and fine chemicals, due to its reactive aldehyde and hydroxyl functional groups. Its benzyloxy group provides protective properties, making it valuable in multi-step synthetic processes. The compound is also explored in research for its potential applications in dye and pigment manufacturing, where its structure can contribute to color development and stability.