This chemical is primarily used in organic synthesis as an intermediate for the production of more complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Its structure, featuring both a formyl and a methoxy group, allows it to participate in various chemical reactions, such as condensation and coupling reactions, making it versatile in drug discovery and development processes. Additionally, it finds application in the synthesis of specialty chemicals, including dyes and pigments, where its functional groups contribute to the desired color properties and stability. Its role in polymer chemistry is also notable, as it can be used to modify polymers, enhancing their properties for specific industrial applications. Overall, this compound is a key intermediate in multiple high-value chemical industries.