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 aromatic and heterocyclic structure. Commonly employed in the production of fragrances and flavoring agents because of its favorable olfactory properties. Also utilized in agrochemical synthesis for creating herbicides and insecticides. Its aldehyde functional group allows for easy modification in organic reactions, making it valuable in research and development of new chemical entities.