Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with potential antitumor and antimicrobial activities. Its structure allows for easy functionalization, making it valuable in the preparation of heterocyclic compounds such as benzoxazoles and quinazolines. Commonly employed in research settings for the design of novel bioactive molecules and in medicinal chemistry for building more complex drug candidates. Also utilized in the production of dyes and fluorescent probes due to its aldehyde and amine functional groups, which can participate in condensation reactions to form Schiff bases.