Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key building block for the development of active pharmaceutical ingredients (APIs) and other complex molecules. Its formyl group allows for further functionalization, making it valuable in creating compounds with specific biological activities. Additionally, it is employed in the synthesis of dyes, pigments, and agrochemicals due to its reactivity and versatility. Its stability and compatibility with various reaction conditions make it a preferred choice in research and industrial applications.