This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the development of pharmaceutical intermediates. Its structure, featuring both a formyl group and a carboxylic acid, makes it a versatile building block in organic chemistry. It is often employed in the creation of Schiff bases, which are crucial in the design of drugs, catalysts, and coordination polymers. Additionally, it serves as a key precursor in the preparation of bioactive compounds, including anti-inflammatory and antimicrobial agents. Its application extends to material science, where it is used in the development of advanced polymers and coatings with specific functional properties.