Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. Its formyl group allows for further functionalization, making it valuable in creating complex molecules. In agrochemicals, it contributes to the development of pesticides and herbicides by enabling the formation of compounds that target specific pests or weeds. Additionally, it plays a role in research and development for designing new drugs, particularly in the modification of molecular structures to enhance efficacy or reduce side effects. Its versatility in organic synthesis makes it a useful tool in both industrial and laboratory settings.