Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It serves as a building block in the preparation of bioactive molecules due to its reactive aldehyde group and stable heterocyclic structure. Commonly employed in the creation of fragrances and flavoring agents because of its aromatic characteristics. Also utilized in agrochemical research for the design of novel pesticides and plant growth regulators. Its versatility in organic transformations makes it valuable in medicinal chemistry and industrial R&D.