Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the construction of heterocyclic compounds, which are essential in drug development. The compound's reactive aldehyde and nitrile groups allow for versatile chemical transformations, making it useful in the synthesis of complex molecules. Additionally, it serves as a building block in the production of dyes and pigments due to its ability to form stable aromatic structures. Its application extends to materials science, where it is employed in the development of advanced polymers and coatings.