Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its functional groups allow for selective reactions, making it valuable in constructing complex organic compounds. Commonly employed in the preparation of analgesic and anti-inflammatory agents. Also utilized in the creation of fragrances and flavoring agents due to its aromatic aldehyde structure. Serves as a building block in cross-coupling reactions for drug discovery and in the production of liquid crystals and dyes.