This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure, featuring both aldehyde and ester functional groups, makes it a versatile building block for constructing more complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) and agrochemicals, where the aldehyde group can participate in condensation reactions, and the ester group can be modified or hydrolyzed as needed. Additionally, it finds application in the development of dyes, pigments, and other specialty chemicals due to its reactivity and ability to introduce specific functional groups into target compounds.