This compound is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring both an ethoxy group and a formyl group, makes it a versatile building block for constructing complex molecules. It is often employed in the synthesis of heterocyclic compounds, which are crucial in the development of drugs targeting specific biological pathways. Additionally, it can be utilized in the preparation of dyes and pigments due to its aromatic and reactive functional groups. Its ester group also allows for further chemical modifications, making it valuable in research and industrial applications where tailored molecular structures are required.