Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a building block in the formation of more complex organic molecules. Its aldehyde functional group allows for condensation and nucleophilic addition reactions, making it valuable in the preparation of fragrances and flavoring agents. It is also employed in the development of photoactive compounds and dyes due to its aromatic structure and reactivity profile. In research settings, it functions as a reagent in the creation of novel organic frameworks for drug discovery and material science applications.