This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its reactive aldehyde and ester functional groups make it valuable for constructing complex molecules, particularly in the synthesis of heterocyclic compounds. It is also employed in the development of agrochemicals, where it serves as a building block for active ingredients. Additionally, it finds application in the fragrance and flavor industry due to its ability to contribute to the synthesis of esters and aldehydes that impart specific scents or tastes. Its versatility in chemical reactions makes it a useful component in research and industrial processes.