Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for nitrogen-containing heterocycles due to its reactive formyl and cyclic amine functionalities. Commonly employed in the development of bioactive molecules, including antifungal and antibacterial agents. Also utilized in the synthesis of specialty polymers and surfactants where controlled hydrophobicity and biodegradability are required. Its ring structure allows for selective functionalization, making it valuable in medicinal chemistry for drug design and optimization.